Avantax Planning Partners Inc. Sells 45,562 Shares of First Trust Managed Municipal ETF $FMB

Avantax Planning Partners Inc. lessened its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 854,387 shares of the company’s stock after selling 45,562 shares during the quarter. First Trust Managed Municipal ETF accounts for 1.2% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 16th largest holding. Avantax Planning Partners Inc.’s holdings in First Trust Managed Municipal ETF were worth $43,689,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FMB. TrueWealth Financial Partners purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter valued at about $12,720,000. Jane Street Group LLC increased its holdings in shares of First Trust Managed Municipal ETF by 2,668.1% in the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after buying an additional 182,683 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of First Trust Managed Municipal ETF by 928.8% in the third quarter. Thrivent Financial for Lutherans now owns 126,062 shares of the company’s stock worth $6,391,000 after buying an additional 113,809 shares during the period. Composition Wealth LLC lifted its stake in shares of First Trust Managed Municipal ETF by 8.7% in the 4th quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock valued at $59,472,000 after acquiring an additional 92,945 shares during the last quarter. Finally, Frisch Financial Group Inc. boosted its holdings in First Trust Managed Municipal ETF by 35.6% during the 3rd quarter. Frisch Financial Group Inc. now owns 288,013 shares of the company’s stock valued at $14,603,000 after acquiring an additional 75,648 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $51.06 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $49.28 and a fifty-two week high of $52.03. The stock has a 50 day moving average price of $51.11 and a two-hundred day moving average price of $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.156 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.