Paragon Private Wealth Management LLC Sells 1,972 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Paragon Private Wealth Management LLC reduced its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 17.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,253 shares of the company’s stock after selling 1,972 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FMB. Concurrent Investment Advisors LLC acquired a new position in First Trust Managed Municipal ETF in the 3rd quarter worth about $354,000. Atria Investments Inc boosted its position in shares of First Trust Managed Municipal ETF by 3.5% during the 3rd quarter. Atria Investments Inc now owns 99,006 shares of the company’s stock valued at $5,144,000 after purchasing an additional 3,329 shares in the last quarter. GSG Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 14.3% in the third quarter. GSG Advisors LLC now owns 25,632 shares of the company’s stock worth $1,335,000 after acquiring an additional 3,203 shares in the last quarter. XML Financial LLC boosted its holdings in First Trust Managed Municipal ETF by 2.7% in the third quarter. XML Financial LLC now owns 45,718 shares of the company’s stock worth $2,376,000 after acquiring an additional 1,206 shares in the last quarter. Finally, Tyler Stone Wealth Management boosted its holdings in First Trust Managed Municipal ETF by 101.7% in the third quarter. Tyler Stone Wealth Management now owns 5,251 shares of the company’s stock worth $273,000 after acquiring an additional 2,647 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $51.15 on Monday. The stock has a 50 day moving average of $51.08 and a 200 day moving average of $51.39. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

About First Trust Managed Municipal ETF

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.