Arkansas Financial Group Inc. Boosts Holdings in First Trust Managed Municipal ETF (NASDAQ:FMB)

Arkansas Financial Group Inc. raised its stake in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 124,323 shares of the company’s stock after buying an additional 2,000 shares during the period. First Trust Managed Municipal ETF comprises about 1.0% of Arkansas Financial Group Inc.’s portfolio, making the stock its 24th largest holding. Arkansas Financial Group Inc.’s holdings in First Trust Managed Municipal ETF were worth $6,342,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FMB. PFS Partners LLC raised its holdings in shares of First Trust Managed Municipal ETF by 2.1% during the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock valued at $530,000 after acquiring an additional 214 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of First Trust Managed Municipal ETF by 0.5% during the third quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock worth $3,294,000 after purchasing an additional 343 shares in the last quarter. Main Line Retirement Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 0.8% during the third quarter. Main Line Retirement Advisors LLC now owns 64,206 shares of the company’s stock worth $3,336,000 after purchasing an additional 527 shares in the last quarter. Weitzel Financial Services Inc. raised its stake in First Trust Managed Municipal ETF by 1.2% in the 3rd quarter. Weitzel Financial Services Inc. now owns 48,183 shares of the company’s stock valued at $2,509,000 after purchasing an additional 569 shares during the last quarter. Finally, Freedom Investment Management Inc. lifted its holdings in First Trust Managed Municipal ETF by 2.2% in the 3rd quarter. Freedom Investment Management Inc. now owns 33,604 shares of the company’s stock valued at $1,746,000 after purchasing an additional 713 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.2 %

Shares of FMB opened at $50.74 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13. The firm’s fifty day moving average is $51.23 and its two-hundred day moving average is $51.46.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This is a positive change from First Trust Managed Municipal ETF’s previous dividend of $0.14.

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.