BCGM Wealth Management LLC Buys 6,568 Shares of First Trust Managed Municipal ETF $FMB

BCGM Wealth Management LLC increased its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,313 shares of the company’s stock after acquiring an additional 6,568 shares during the quarter. First Trust Managed Municipal ETF comprises approximately 1.7% of BCGM Wealth Management LLC’s holdings, making the stock its 11th largest holding. BCGM Wealth Management LLC owned 0.33% of First Trust Managed Municipal ETF worth $6,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its stake in First Trust Managed Municipal ETF by 38.7% during the first quarter. Kestra Private Wealth Services LLC now owns 20,045 shares of the company’s stock worth $1,011,000 after purchasing an additional 5,593 shares during the period. IFP Advisors Inc lifted its stake in First Trust Managed Municipal ETF by 6.6% during the first quarter. IFP Advisors Inc now owns 15,711 shares of the company’s stock worth $792,000 after purchasing an additional 966 shares during the period. Concurrent Investment Advisors LLC lifted its stake in First Trust Managed Municipal ETF by 19.6% during the second quarter. Concurrent Investment Advisors LLC now owns 22,320 shares of the company’s stock worth $1,112,000 after purchasing an additional 3,665 shares during the period. Sentinel Pension Advisors LLC lifted its stake in First Trust Managed Municipal ETF by 0.8% during the second quarter. Sentinel Pension Advisors LLC now owns 56,099 shares of the company’s stock worth $2,795,000 after purchasing an additional 420 shares during the period. Finally, Royal Bank of Canada lifted its stake in First Trust Managed Municipal ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 619,572 shares of the company’s stock worth $31,240,000 after purchasing an additional 8,529 shares during the period.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.26 on Monday. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $51.99. The company has a 50-day moving average price of $50.71 and a two-hundred day moving average price of $50.05.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a $0.146 dividend. The ex-dividend date was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a yield of 3.4%.

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.