Summit Wealth Partners LLC Sells 633 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Summit Wealth Partners LLC cut its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,585 shares of the company’s stock after selling 633 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Managed Municipal ETF were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMB. Hedeker Wealth LLC raised its stake in shares of First Trust Managed Municipal ETF by 20.5% in the 3rd quarter. Hedeker Wealth LLC now owns 34,743 shares of the company’s stock valued at $1,805,000 after purchasing an additional 5,917 shares during the period. ShoreHaven Wealth Partners LLC increased its position in shares of First Trust Managed Municipal ETF by 19.2% in the third quarter. ShoreHaven Wealth Partners LLC now owns 9,671 shares of the company’s stock valued at $503,000 after acquiring an additional 1,560 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $795,000. International Assets Investment Management LLC increased its position in shares of First Trust Managed Municipal ETF by 5,096.0% in the third quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after acquiring an additional 112,010 shares during the last quarter. Finally, Lake Street Private Wealth LLC increased its position in shares of First Trust Managed Municipal ETF by 5.0% in the third quarter. Lake Street Private Wealth LLC now owns 96,300 shares of the company’s stock valued at $5,004,000 after acquiring an additional 4,600 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.0 %

NASDAQ:FMB opened at $51.14 on Friday. The stock’s 50-day simple moving average is $51.72 and its 200 day simple moving average is $51.38. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were given a $0.139 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd.

First Trust Managed Municipal ETF 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.