Family Capital Management Inc. Has $1.81 Million Stock Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Family Capital Management Inc. lessened its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,762 shares of the company’s stock after selling 603 shares during the period. First Trust Managed Municipal ETF accounts for 1.2% of Family Capital Management Inc.’s holdings, making the stock its 21st biggest holding. Family Capital Management Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,806,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FMB. Jane Street Group LLC bought a new stake in First Trust Managed Municipal ETF in the first quarter valued at approximately $15,269,000. CWA Asset Management Group LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter worth approximately $13,088,000. Cetera Investment Advisers boosted its stake in shares of First Trust Managed Municipal ETF by 246.7% in the 1st quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock valued at $12,972,000 after purchasing an additional 179,710 shares during the last quarter. LPL Financial LLC increased its position in shares of First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after buying an additional 162,331 shares during the period. Finally, ARQ Wealth Advisors LLC bought a new position in First Trust Managed Municipal ETF during the first quarter worth $6,428,000.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $51.35 on Friday. The company’s fifty day simple moving average is $51.58 and its 200 day simple moving average is $51.43. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.139 per share. The ex-dividend date is Thursday, November 21st.

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.