Westside Investment Management Inc. Sells 1,366 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Westside Investment Management Inc. lowered its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 62,076 shares of the company’s stock after selling 1,366 shares during the quarter. Westside Investment Management Inc. owned about 0.16% of First Trust Managed Municipal ETF worth $3,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of First Trust Managed Municipal ETF by 6.9% in the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after purchasing an additional 162,331 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 5.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock worth $32,128,000 after purchasing an additional 29,957 shares during the period. JPMorgan Chase & Co. grew its holdings in First Trust Managed Municipal ETF by 6.3% during the 3rd 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 in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 5.0% during the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock valued at $21,780,000 after buying an additional 19,917 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of First Trust Managed Municipal ETF by 5.4% in the third quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock worth $17,186,000 after buying an additional 16,894 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $50.91 on Wednesday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The stock has a fifty day moving average of $51.24 and a 200 day moving average of $51.47.

First Trust Managed Municipal ETF Announces Dividend

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