This Wealth Advisory Sold $3 Million of One Muni ETF but Kept $16 Million Still Invested

Core Insights - RMR Wealth Builders sold 66,572 shares of the First Trust Managed Municipal ETF (NASDAQ:FMB) in Q4, valued at approximately $3.40 million based on average pricing [2][9] - The remaining FMB stake is valued at $16.14 million, reflecting a decrease of $3.24 million from the previous quarter [2][3] - FMB now constitutes 1.29% of RMR Wealth Builders' reportable U.S. equity assets [3] ETF Overview - The First Trust Managed Municipal ETF has an AUM of $2 billion and a price of $51.33 as of January 28, 2026, with a yield of 3.38% and a one-year total return of 4% [4][6] - The ETF primarily invests in municipal debt securities, aiming to provide federally tax-exempt income, appealing to income-oriented investors [6][7] - The fund's investment strategy involves allocating at least 80% of its assets in municipal debt securities exempt from federal income taxes [7] Market Position and Performance - FMB's price increased by 4.1% over the past year but underperformed the S&P 500 by 10.9 percentage points [3] - The fund's weighted average effective duration is about 7 years, with a weighted average maturity of 12.68 years, indicating sensitivity to interest rate changes [10] - The ETF is designed for diversification, with approximately $1.94 billion in net assets and 1,208 holdings [10]