Congress Wealth Management LLC DE Cuts Stock Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Congress Wealth Management LLC DE reduced 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,653 shares of the company’s stock after selling 10,313 shares during the period. Congress Wealth Management LLC DE owned about 1.18% of First Trust Managed Municipal ETF worth $23,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FMB. Hedeker Wealth LLC raised its position in shares of First Trust Managed Municipal ETF by 53.3% in the fourth quarter. Hedeker Wealth LLC now owns 53,262 shares of the company’s stock worth $2,717,000 after acquiring an additional 18,519 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at about $249,000. US Bancorp DE raised its holdings in First Trust Managed Municipal ETF by 45.1% in the 4th quarter. US Bancorp DE now owns 10,861 shares of the company’s stock worth $554,000 after purchasing an additional 3,376 shares during the period. Keybank National Association OH purchased a new position in First Trust Managed Municipal ETF during the fourth quarter worth approximately $554,000. Finally, Bank of New York Mellon Corp grew its holdings in First Trust Managed Municipal ETF by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 209,281 shares of the company’s stock valued at $10,675,000 after purchasing an additional 5,574 shares during the period.

First Trust Managed Municipal ETF Stock Down 0.2 %

Shares of FMB stock opened at $50.85 on Monday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The stock has a 50 day simple moving average of $51.07 and a 200-day simple moving average of $51.34.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.14 per share. 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.