Arkansas Financial Group Inc. Acquires 592 Shares of First Trust Managed Municipal ETF (NASDAQ:FMB)

Arkansas Financial Group Inc. grew its holdings in First Trust Managed Municipal ETF (NASDAQ:FMB) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,323 shares of the company’s stock after purchasing an additional 592 shares during the period. First Trust Managed Municipal ETF comprises about 1.0% of Arkansas Financial Group Inc.’s investment portfolio, making the stock its 26th biggest holding. Arkansas Financial Group Inc. owned 0.31% of First Trust Managed Municipal ETF worth $6,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Strategic Financial Partners Ltd. grew its holdings in shares of First Trust Managed Municipal ETF by 0.6% in the second quarter. Strategic Financial Partners Ltd. now owns 33,547 shares of the company’s stock worth $1,713,000 after acquiring an additional 207 shares during the period. Benjamin Edwards Inc. lifted its position in shares of First Trust Managed Municipal ETF by 5.1% in the first quarter. Benjamin Edwards Inc. now owns 5,075 shares of the company’s stock valued at $261,000 after acquiring an additional 247 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of First Trust Managed Municipal ETF by 2.3% in the second quarter. Great Valley Advisor Group Inc. now owns 11,363 shares of the company’s stock valued at $580,000 after acquiring an additional 252 shares in the last quarter. Auour Investments LLC lifted its position in shares of First Trust Managed Municipal ETF by 3.7% in the second quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock valued at $367,000 after acquiring an additional 256 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in shares of First Trust Managed Municipal ETF by 0.4% in the second quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock valued at $4,082,000 after acquiring an additional 292 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.4 %

FMB stock traded down $0.22 during midday trading on Friday, reaching $51.81. 245,601 shares of the company traded hands, compared to its average volume of 154,406. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $52.13. The business has a 50 day moving average of $51.77 and a 200-day moving average of $51.35.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.139 per share. This is a boost from First Trust Managed Municipal ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Thursday, September 26th.

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.