First Trust Managed Municipal ETF (NASDAQ:FMB) Shares Purchased by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. boosted its holdings in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,323 shares of the company’s stock after buying an additional 2,000 shares during the period. First Trust Managed Municipal ETF makes up 1.0% of Arkansas Financial Group Inc.’s holdings, making the stock its 24th largest position. Arkansas Financial Group Inc. owned approximately 0.32% of First Trust Managed Municipal ETF worth $6,342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in First Trust Managed Municipal ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after purchasing an additional 162,331 shares in the last quarter. Miracle Mile Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 5.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after acquiring an additional 29,957 shares during the period. JPMorgan Chase & Co. raised its stake in First Trust Managed Municipal ETF by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 421,410 shares of the company’s stock worth $21,896,000 after acquiring an additional 25,002 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in First Trust Managed Municipal ETF by 5.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock worth $21,780,000 after acquiring an additional 19,917 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in First Trust Managed Municipal ETF by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 330,745 shares of the company’s stock worth $17,186,000 after acquiring an additional 16,894 shares during the period.

First Trust Managed Municipal ETF Price Performance

Shares of FMB stock opened at $50.74 on Friday. First Trust Managed Municipal ETF has a fifty-two week low of $48.10 and a fifty-two week high of $52.13. The stock’s 50-day simple moving average is $51.23 and its 200-day simple 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 issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This is an increase 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.