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

BCGM Wealth Management LLC raised its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,773 shares of the company’s stock after acquiring an additional 13,574 shares during the period. First Trust Managed Municipal ETF makes up approximately 2.0% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. BCGM Wealth Management LLC owned about 0.31% of First Trust Managed Municipal ETF worth $6,161,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FMB. Pinnacle Bancorp Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 152.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after acquiring an additional 1,300 shares during the period. Fifth Third Bancorp boosted its stake in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after buying an additional 1,778 shares during the period. Dopkins Wealth Management LLC bought a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at approximately $201,000. TrueWealth Advisors LLC bought a new stake in shares of First Trust Managed Municipal ETF in the fourth quarter valued at approximately $207,000. Finally, James Investment Research Inc. bought a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at approximately $224,000.

First Trust Managed Municipal ETF Trading Down 0.0 %

Shares of FMB stock opened at $51.24 on Friday. The stock has a 50 day simple moving average of $51.00 and a 200 day simple moving average of $51.42. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.14 dividend. The ex-dividend date 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.