TrueWealth Exits $12.8 Million Position in First Trust Managed Municipal ETF
According to an SEC filing, TrueWealth Financial Partners sold its entire stake of 248,749 shares ($12.8 million) in the First Trust Managed Municipal ETF (FMB) during Q1 2026. The move comes as FMB has underperformed the S&P 500 by about 22 percentage points over the past year but slightly outperformed its municipal bond benchmark.