BCGM Wealth Management LLC Has $6.16 Million Stake in First Trust Managed Municipal ETF (NASDAQ:FMB)

BCGM Wealth Management LLC boosted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,773 shares of the company’s stock after purchasing an additional 13,574 shares during the period. First Trust Managed Municipal ETF comprises approximately 2.0% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. BCGM Wealth Management LLC’s holdings in First Trust Managed Municipal ETF were worth $6,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PFS Partners LLC lifted its stake in First Trust Managed Municipal ETF by 2.1% during the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after purchasing an additional 214 shares during the last quarter. Valmark Advisers Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 3.2% during the fourth quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock worth $428,000 after buying an additional 257 shares in the last quarter. WealthCare Investment Partners LLC increased its holdings in shares of First Trust Managed Municipal ETF by 0.6% during the fourth quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock worth $2,495,000 after buying an additional 274 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 0.5% during the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock worth $3,294,000 after buying an additional 343 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its holdings in shares of First Trust Managed Municipal ETF by 3.5% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 10,064 shares of the company’s stock worth $513,000 after buying an additional 343 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.0 %

Shares of NASDAQ:FMB opened at $51.24 on Friday. The company has a fifty day moving average of $51.00 and a 200-day moving average of $51.42. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, February 21st.

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.