Arkansas Financial Group Inc. Sells 16,988 Shares of First Trust Managed Municipal ETF $FMB

Arkansas Financial Group Inc. cut its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 13.6% in the third quarter, according to the company in its most recent disclosure 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 period. First Trust Managed Municipal ETF comprises 0.8% of Arkansas Financial Group Inc.’s portfolio, making the stock its 29th largest holding. Arkansas Financial Group Inc. owned approximately 0.29% of First Trust Managed Municipal ETF worth $5,466,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allworth Financial LP raised its holdings in First Trust Managed Municipal ETF by 24.5% during the second quarter. Allworth Financial LP now owns 96,682 shares of the company’s stock valued at $4,817,000 after acquiring an additional 19,018 shares during the period. CWM LLC grew its position in shares of First Trust Managed Municipal ETF by 19.1% during the third quarter. CWM LLC now owns 127,041 shares of the company’s stock worth $6,441,000 after purchasing an additional 20,364 shares in the last quarter. Milestones Private Investment Advisors LLC bought a new stake in First Trust Managed Municipal ETF during the 2nd quarter valued at approximately $868,000. Miracle Mile Advisors LLC lifted its holdings in First Trust Managed Municipal ETF by 50.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock worth $54,256,000 after purchasing an additional 358,121 shares in the last quarter. Finally, WCG Wealth Advisors LLC bought a new position in First Trust Managed Municipal ETF in the 2nd quarter worth approximately $563,000.

First Trust Managed Municipal ETF Trading Up 0.1%

First Trust Managed Municipal ETF stock opened at $51.41 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.19 and a 1 year 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 Dividend Announcement

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

About First Trust Managed Municipal ETF

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.