Insight Wealth Strategies LLC Sells 13,280 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Insight Wealth Strategies LLC cut its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 35.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,623 shares of the company’s stock after selling 13,280 shares during the quarter. Insight Wealth Strategies LLC owned approximately 0.06% of First Trust Managed Municipal ETF worth $1,256,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after buying an additional 25,002 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 8.6% during the third quarter. Sanctuary Advisors LLC now owns 76,918 shares of the company’s stock valued at $3,950,000 after acquiring an additional 6,123 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in First Trust Managed Municipal ETF by 14.8% during the third quarter. Stock Yards Bank & Trust Co. now owns 35,845 shares of the company’s stock worth $1,863,000 after acquiring an additional 4,613 shares during the period. Capstone Capital LLC purchased a new position in First Trust Managed Municipal ETF in the third quarter worth $401,000. Finally, Westside Investment Management Inc. grew its stake in First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after purchasing an additional 343 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.2 %

Shares of First Trust Managed Municipal ETF stock traded up $0.08 during trading hours on Monday, hitting $51.15. 121,887 shares of the company’s stock traded hands, compared to its average volume of 160,387. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The company has a fifty day simple moving average of $51.31 and a 200-day simple moving average of $51.50.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.139 per share. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust Managed Municipal ETF

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.