PCG Wealth Advisors LLC Sells 10,254 Shares of First Trust Managed Municipal ETF $FMB

PCG Wealth Advisors LLC reduced its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 53.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,995 shares of the company’s stock after selling 10,254 shares during the period. PCG Wealth Advisors LLC’s holdings in First Trust Managed Municipal ETF were worth $448,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allworth Financial LP raised its position in First Trust Managed Municipal ETF by 24.5% in the 2nd quarter. Allworth Financial LP now owns 96,682 shares of the company’s stock valued at $4,817,000 after buying an additional 19,018 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of First Trust Managed Municipal ETF by 0.4% in the 2nd quarter. Prospera Financial Services Inc now owns 61,466 shares of the company’s stock worth $3,063,000 after acquiring an additional 216 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of First Trust Managed Municipal ETF by 2.7% in the second quarter. NewSquare Capital LLC now owns 13,149 shares of the company’s stock valued at $655,000 after purchasing an additional 342 shares during the last quarter. BCGM Wealth Management LLC raised its holdings in shares of First Trust Managed Municipal ETF by 5.6% in the second quarter. BCGM Wealth Management LLC now owns 123,313 shares of the company’s stock valued at $6,143,000 after purchasing an additional 6,568 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in shares of First Trust Managed Municipal ETF by 4.8% during the second quarter. Westside Investment Management Inc. now owns 68,359 shares of the company’s stock valued at $3,406,000 after purchasing an additional 3,100 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.0%

Shares of FMB stock opened at $51.22 on Tuesday. First Trust Managed Municipal ETF has a 52-week low of $48.19 and a 52-week high of $51.99. The company has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $50.12.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a $0.146 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 3.4%.

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.