HFG Wealth Management LLC Cuts Stock Position in First Trust Managed Municipal ETF $FMB

HFG Wealth Management LLC trimmed its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,330 shares of the company’s stock after selling 9,907 shares during the period. First Trust Managed Municipal ETF makes up about 1.0% of HFG Wealth Management LLC’s holdings, making the stock its 23rd biggest position. HFG Wealth Management LLC owned approximately 0.09% of First Trust Managed Municipal ETF worth $1,807,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new position in First Trust Managed Municipal ETF during the 2nd quarter worth $27,000. Total Investment Management Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the second quarter valued at about $27,000. Ameriflex Group Inc. purchased a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at about $40,000. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Managed Municipal ETF during the third quarter worth about $45,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of First Trust Managed Municipal ETF during the third quarter worth about $51,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $50.81 on Thursday. First Trust Managed Municipal ETF has a 52-week low of $48.19 and a 52-week high of $52.03. The firm has a 50-day moving average price of $51.41 and a 200 day moving average price of $51.22.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.155 per share. The ex-dividend date was Thursday, March 26th. This represents a c) annualized dividend and a yield of 3.7%.

About First Trust Managed Municipal ETF

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.