Main Line Retirement Advisors LLC Reduces Stock Holdings in First Trust Managed Municipal ETF $FMB

Main Line Retirement Advisors LLC reduced its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 73.2% in the fourth quarter, HoldingsChannel reports. The firm owned 13,887 shares of the company’s stock after selling 37,987 shares during the quarter. First Trust Managed Municipal ETF makes up 0.3% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 28th largest position. Main Line Retirement Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its stake in shares of First Trust Managed Municipal ETF by 7.8% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,752 shares of the company’s stock worth $140,000 after purchasing an additional 200 shares during the period. Stonehaven Wealth & Tax Solutions LLC grew its position in First Trust Managed Municipal ETF by 4.3% during the third quarter. Stonehaven Wealth & Tax Solutions LLC now owns 4,800 shares of the company’s stock valued at $243,000 after buying an additional 200 shares during the period. Financial Strategies Group Inc. grew its position in First Trust Managed Municipal ETF by 1.2% during the third quarter. Financial Strategies Group Inc. now owns 17,855 shares of the company’s stock valued at $914,000 after buying an additional 220 shares during the period. First Trust Advisors LP grew its position in First Trust Managed Municipal ETF by 1.7% during the third quarter. First Trust Advisors LP now owns 13,099 shares of the company’s stock valued at $664,000 after buying an additional 220 shares during the period. Finally, Ameritas Investment Partners Inc. grew its position in First Trust Managed Municipal ETF by 3.0% during the third quarter. Ameritas Investment Partners Inc. now owns 9,207 shares of the company’s stock valued at $467,000 after buying an additional 264 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $50.90 on Tuesday. The firm has a 50 day moving average of $51.39 and a 200 day moving average of $51.22. First Trust Managed Municipal ETF has a 12-month low of $48.19 and a 12-month high of $52.03.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.155 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, March 26th.

First Trust Managed Municipal ETF Company Profile

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.