First Trust Managed Municipal ETF $FMB Shares Purchased by BCGM Wealth Management LLC

BCGM Wealth Management LLC raised its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,020 shares of the company’s stock after buying an additional 16,267 shares during the period. First Trust Managed Municipal ETF makes up about 1.8% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding. BCGM Wealth Management LLC owned approximately 0.35% of First Trust Managed Municipal ETF worth $6,992,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TrueWealth Financial Partners bought a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter worth $12,720,000. Jane Street Group LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 2,668.1% during the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after purchasing an additional 182,683 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Managed Municipal ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock valued at $118,046,000 after purchasing an additional 181,458 shares during the last quarter. Composition Wealth LLC boosted its position in shares of First Trust Managed Municipal ETF by 8.7% in the 4th quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock valued at $59,472,000 after purchasing an additional 92,945 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of First Trust Managed Municipal ETF by 3,413.5% in the 1st quarter. Fifth Third Bancorp now owns 86,924 shares of the company’s stock valued at $4,404,000 after purchasing an additional 84,450 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of FMB opened at $51.06 on Friday. The business’s 50-day moving average price is $51.17 and its 200 day moving average price is $51.27. First Trust Managed Municipal ETF has a 1-year low of $49.28 and a 1-year high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.157 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a dividend yield of 3.7%.

First Trust Managed Municipal ETF 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.