BCGM Wealth Management LLC Acquires 5,885 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

BCGM Wealth Management LLC lifted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,199 shares of the company’s stock after purchasing an additional 5,885 shares during the period. First Trust Managed Municipal ETF accounts for about 1.8% of BCGM Wealth Management LLC’s portfolio, making the stock its 12th biggest position. BCGM Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $5,570,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FMB. DHJJ Financial Advisors Ltd. increased its stake in First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after purchasing an additional 430 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at about $51,000. IAG Wealth Partners LLC bought a new stake in First Trust Managed Municipal ETF in the 2nd quarter valued at about $53,000. WR Wealth Planners LLC acquired a new position in First Trust Managed Municipal ETF during the 2nd quarter worth approximately $56,000. Finally, International Assets Investment Management LLC bought a new position in First Trust Managed Municipal ETF in the second quarter worth approximately $112,000.

First Trust Managed Municipal ETF Price Performance

Shares of First Trust Managed Municipal ETF stock opened at $51.42 on Friday. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13. The stock has a 50 day moving average price of $51.63 and a two-hundred day moving average price of $51.41.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were given a $0.139 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd.

First Trust Managed Municipal ETF Company 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.