Cottonwood Capital Advisors LLC Sells 530 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Cottonwood Capital Advisors LLC cut its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,749 shares of the company’s stock after selling 530 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Atlas Private Wealth Advisors raised its position in shares of First Trust Managed Municipal ETF by 3.6% in the 4th quarter. Atlas Private Wealth Advisors now owns 96,207 shares of the company’s stock worth $4,908,000 after acquiring an additional 3,363 shares in the last quarter. Impact Partnership Wealth LLC grew its stake in First Trust Managed Municipal ETF by 4.7% in the fourth quarter. Impact Partnership Wealth LLC now owns 16,018 shares of the company’s stock valued at $817,000 after purchasing an additional 716 shares during the last quarter. Secure Asset Management LLC raised its holdings in First Trust Managed Municipal ETF by 6.4% in the fourth quarter. Secure Asset Management LLC now owns 29,120 shares of the company’s stock worth $1,485,000 after purchasing an additional 1,756 shares in the last quarter. Arkansas Financial Group Inc. raised its holdings in First Trust Managed Municipal ETF by 1.6% in the fourth quarter. Arkansas Financial Group Inc. now owns 124,323 shares of the company’s stock worth $6,342,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Mutual Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 10.0% during the fourth quarter. Mutual Advisors LLC now owns 41,116 shares of the company’s stock valued at $2,089,000 after buying an additional 3,742 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.2 %

Shares of First Trust Managed Municipal ETF stock opened at $50.84 on Friday. The firm’s 50 day moving average price is $51.22 and its 200-day moving average price is $51.46. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.14 dividend. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.