Regal Investment Advisors LLC Sells 362 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Regal Investment Advisors LLC cut its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,416 shares of the company’s stock after selling 362 shares during the period. Regal Investment Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $276,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Tucker Asset Management LLC grew its holdings in shares of First Trust Managed Municipal ETF by 933.3% during the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock worth $30,000 after purchasing an additional 532 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in First Trust Managed Municipal ETF during the fourth quarter worth about $108,000. Pinnacle Bancorp Inc. grew its stake in First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after buying an additional 1,300 shares in the last quarter. Fifth Third Bancorp increased its holdings in First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after buying an additional 1,778 shares during the period. Finally, TrueWealth Advisors LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at approximately $207,000.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $49.60 on Friday. The firm’s 50 day simple moving average is $50.66 and its 200 day simple moving average is $51.07. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.14 dividend. The ex-dividend date was Thursday, March 27th.

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.