Arkansas Financial Group Inc. Sells 48,709 Shares of First Trust Managed Municipal ETF $FMB

Arkansas Financial Group Inc. cut its position in First Trust Managed Municipal ETF (NASDAQ:FMB) by 42.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,926 shares of the company’s stock after selling 48,709 shares during the quarter. Arkansas Financial Group Inc. owned 0.17% of First Trust Managed Municipal ETF worth $3,320,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ameriflex Group Inc. bought a new position in First Trust Managed Municipal ETF during the 3rd quarter worth $40,000. Hazlett Burt & Watson Inc. bought a new position in First Trust Managed Municipal ETF during the 3rd quarter worth $45,000. PNC Financial Services Group Inc. bought a new position in First Trust Managed Municipal ETF during the 3rd quarter worth $51,000. Evolution Wealth Management Inc. raised its position in First Trust Managed Municipal ETF by 196.0% during the 3rd quarter. Evolution Wealth Management Inc. now owns 1,631 shares of the company’s stock worth $83,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in First Trust Managed Municipal ETF by 39.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,474 shares of the company’s stock worth $125,000 after purchasing an additional 696 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ:FMB opened at $51.19 on Friday. First Trust Managed Municipal ETF has a 12-month low of $49.28 and a 12-month high of $52.03. The business has a fifty day simple moving average of $51.30 and a 200 day simple moving average of $51.25.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 21st will be paid a dividend of $0.156 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, April 21st.

First Trust Managed Municipal ETF 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.