Etesian Wealth Advisors Inc. Lowers Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

by · The Cerbat Gem

Etesian Wealth Advisors Inc. trimmed its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB – Free Report) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,992 shares of the company’s stock after selling 9,263 shares during the quarter. First Trust Managed Municipal ETF makes up approximately 1.7% of Etesian Wealth Advisors Inc.’s investment portfolio, making the stock its 14th largest position. Etesian Wealth Advisors Inc. owned approximately 0.19% of First Trust Managed Municipal ETF worth $3,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Strategic Financial Partners Ltd. lifted its stake in shares of First Trust Managed Municipal ETF by 0.6% in the second quarter. Strategic Financial Partners Ltd. now owns 33,547 shares of the company’s stock worth $1,713,000 after buying an additional 207 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of First Trust Managed Municipal ETF by 5.1% in the 1st quarter. Benjamin Edwards Inc. now owns 5,075 shares of the company’s stock worth $261,000 after acquiring an additional 247 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in First Trust Managed Municipal ETF by 2.3% in the second quarter. Great Valley Advisor Group Inc. now owns 11,363 shares of the company’s stock valued at $580,000 after purchasing an additional 252 shares during the period. Auour Investments LLC grew its stake in shares of First Trust Managed Municipal ETF by 3.7% in the second quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock valued at $367,000 after buying an additional 256 shares in the last quarter. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of First Trust Managed Municipal ETF by 0.4% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock valued at $4,082,000 after buying an additional 292 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.1 %

Shares of FMB traded down $0.04 during mid-day trading on Friday, hitting $51.74. 115,631 shares of the company’s stock were exchanged, compared to its average volume of 154,284. The stock’s 50-day moving average is $51.79 and its 200-day moving average is $51.37. First Trust Managed Municipal ETF has a fifty-two week low of $48.08 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.139 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

First Trust Managed Municipal ETF Company Profile

(Free Report)

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.

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