Moneywise Inc. Reduces Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

Moneywise Inc. decreased its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,607 shares of the company’s stock after selling 2,223 shares during the quarter. First Trust Managed Municipal ETF accounts for about 2.1% of Moneywise Inc.’s portfolio, making the stock its 15th largest position. Moneywise Inc. owned approximately 0.41% of First Trust Managed Municipal ETF worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. grew its stake in First Trust Managed Municipal ETF by 100.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,800 shares of the company’s stock valued at $148,000 after purchasing an additional 1,400 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $160,000. GWM Advisors LLC bought a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $241,000. Whitnell & Co. grew its stake in First Trust Managed Municipal ETF by 387.4% in the third quarter. Whitnell & Co. now owns 4,650 shares of the company’s stock valued at $243,000 after purchasing an additional 3,696 shares in the last quarter. Finally, M Holdings Securities Inc. bought a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $273,000.

FMB stock opened at $52.92 on Thursday. First Trust Managed Municipal ETF has a twelve month low of $51.51 and a twelve month high of $53.15.

The firm also recently announced a monthly dividend, which was paid on Thursday, January 31st. Stockholders of record on Thursday, January 24th were paid a dividend of $0.1175 per share. The ex-dividend date was Wednesday, January 23rd. This represents a $1.41 annualized dividend and a dividend yield of 2.66%.

WARNING: “Moneywise Inc. Reduces Position in First Trust Managed Municipal ETF (NASDAQ:FMB)” was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.baseballdailydigest.com/news/2019/02/14/first-trust-managed-municipal-etf-fmb-shares-sold-by-moneywise-inc.html.

Featured Article: What is the Rule of 72?

Institutional Ownership by Quarter for First Trust Managed Municipal ETF (NASDAQ:FMB)

Receive News & Ratings for First Trust Managed Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Managed Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply