Creative Financial Designs Inc. ADV Cuts Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Creative Financial Designs Inc. ADV trimmed its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 72.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 839 shares of the company’s stock after selling 2,241 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in First Trust Managed Municipal ETF were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter worth about $58,677,000. Independent Advisor Alliance purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter worth about $14,829,000. LPL Financial LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 6.9% in the 3rd 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 last quarter. Brady Martz Wealth Solutions LLC purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter worth about $6,440,000. Finally, Larson Financial Group LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 44.7% in the 4th quarter. Larson Financial Group LLC now owns 276,049 shares of the company’s stock worth $14,081,000 after buying an additional 85,293 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $50.85 on Friday. The company’s 50-day moving average is $51.07 and its 200 day moving average is $51.35. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date was Friday, February 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.