Allworth Financial LP Increases Stock Position in First Trust Short Duration Managed Municipal ETF $FSMB

Allworth Financial LP lifted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 43.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,449 shares of the company’s stock after buying an additional 77,518 shares during the quarter. Allworth Financial LP owned approximately 1.08% of First Trust Short Duration Managed Municipal ETF worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in First Trust Short Duration Managed Municipal ETF by 4.6% in the first quarter. Envestnet Asset Management Inc. now owns 405,680 shares of the company’s stock worth $8,061,000 after purchasing an additional 17,792 shares during the period. James Investment Research Inc. purchased a new position in First Trust Short Duration Managed Municipal ETF during the 1st quarter valued at about $866,000. AE Wealth Management LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 271.6% during the first quarter. AE Wealth Management LLC now owns 11,910 shares of the company’s stock worth $237,000 after acquiring an additional 8,705 shares in the last quarter. Brookwood Investment Group LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the first quarter valued at approximately $275,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 1st quarter valued at $342,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA FSMB opened at $20.08 on Wednesday. The business’s 50-day simple moving average is $20.10 and its 200-day simple moving average is $19.97. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.47 and a 52 week high of $20.21.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 3.1%.

First Trust Short Duration Managed Municipal ETF Profile

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation.