Arkansas Financial Group Inc. Decreases Stake in First Trust Managed Municipal ETF $FMB

Arkansas Financial Group Inc. lessened its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,625 shares of the company’s stock after selling 16,988 shares during the quarter. First Trust Managed Municipal ETF comprises 0.8% of Arkansas Financial Group Inc.’s portfolio, making the stock its 29th biggest holding. Arkansas Financial Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $5,466,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc boosted its position in shares of First Trust Managed Municipal ETF by 0.4% during the 2nd quarter. Prospera Financial Services Inc now owns 61,466 shares of the company’s stock valued at $3,063,000 after acquiring an additional 216 shares during the last quarter. Baird Financial Group Inc. raised its stake in First Trust Managed Municipal ETF by 0.9% during the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after purchasing an additional 266 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in First Trust Managed Municipal ETF by 1.4% during the second quarter. Great Valley Advisor Group Inc. now owns 19,317 shares of the company’s stock valued at $962,000 after purchasing an additional 275 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of First Trust Managed Municipal ETF by 2.7% in the 2nd quarter. NewSquare Capital LLC now owns 13,149 shares of the company’s stock worth $655,000 after buying an additional 342 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 18.7% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,552 shares of the company’s stock worth $127,000 after buying an additional 402 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

Shares of NASDAQ FMB opened at $51.41 on Friday. First Trust Managed Municipal ETF has a 12-month low of $48.19 and a 12-month high of $51.47. The firm’s 50-day moving average price is $51.16 and its 200-day moving average price is $50.56.

First Trust Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.147 dividend. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, December 12th.

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.