Opinicus Capital Inc. Has $1.06 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

Opinicus Capital Inc. reduced its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 56.1% in the 4th quarter, Holdings Channel reports. The firm owned 20,726 shares of the company’s stock after selling 26,450 shares during the quarter. Opinicus Capital Inc.’s holdings in First Trust Managed Municipal ETF were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of FMB. PFS Partners LLC lifted its position in shares of First Trust Managed Municipal ETF by 2.1% during the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after buying an additional 214 shares during the period. Westside Investment Management Inc. boosted its position in First Trust Managed Municipal ETF by 0.5% in the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after buying an additional 343 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in First Trust Managed Municipal ETF by 5.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 7,838 shares of the company’s stock worth $400,000 after buying an additional 386 shares during the last quarter. Main Line Retirement Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 0.8% during the third quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after buying an additional 527 shares in the last quarter. Finally, Weitzel Financial Services Inc. raised its stake in shares of First Trust Managed Municipal ETF by 1.2% in the third quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock valued at $2,509,000 after acquiring an additional 569 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB opened at $51.23 on Friday. The stock’s 50 day simple moving average is $51.14 and its 200 day simple moving average is $51.44. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, January 22nd. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.