Koshinski Asset Management Inc. Sells 2,222 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Koshinski Asset Management Inc. lessened its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,132 shares of the company’s stock after selling 2,222 shares during the period. Koshinski Asset Management Inc. owned 0.06% of First Trust Managed Municipal ETF worth $1,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of First Trust Managed Municipal ETF by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock valued at $21,896,000 after buying an additional 25,002 shares during the period. NewEdge Advisors LLC boosted its stake in shares of First Trust Managed Municipal ETF by 39.3% during the second quarter. NewEdge Advisors LLC now owns 236,657 shares of the company’s stock valued at $12,084,000 after purchasing an additional 66,762 shares in the last quarter. Jane Street Group LLC purchased a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $1,555,000. HFG Wealth Management LLC raised its stake in First Trust Managed Municipal ETF by 1.8% in the second quarter. HFG Wealth Management LLC now owns 51,836 shares of the company’s stock worth $2,647,000 after buying an additional 902 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in First Trust Managed Municipal ETF by 4.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,916 shares of the company’s stock worth $966,000 after buying an additional 793 shares during the period.

First Trust Managed Municipal ETF Stock Up 0.2 %

Shares of NASDAQ FMB opened at $50.98 on Wednesday. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The stock’s fifty day simple moving average is $51.24 and its two-hundred day simple moving average is $51.47.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.139 per share. The ex-dividend date was Friday, December 13th.

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.