First Trust Short Duration Managed Municipal ETF $FSMB Holdings Boosted by Advisory Resource Group

Advisory Resource Group raised its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 4.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 124,929 shares of the company’s stock after buying an additional 5,189 shares during the quarter. Advisory Resource Group owned approximately 0.53% of First Trust Short Duration Managed Municipal ETF worth $2,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in First Trust Short Duration Managed Municipal ETF by 4.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 405,680 shares of the company’s stock valued at $8,061,000 after purchasing an additional 17,792 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in First Trust Short Duration Managed Municipal ETF in the 1st quarter worth about $342,000. Farther Finance Advisors LLC increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 29.7% in the second quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock valued at $103,000 after purchasing an additional 1,180 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the second quarter valued at approximately $783,000. Finally, Allworth Financial LP raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 43.3% during the second quarter. Allworth Financial LP now owns 256,449 shares of the company’s stock valued at $5,105,000 after buying an additional 77,518 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB stock opened at $20.09 on Friday. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.47 and a 12-month high of $20.21. The business has a 50 day simple moving average of $20.10 and a 200 day simple moving average of $19.97.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.052 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 3.1%.

About First Trust Short Duration Managed Municipal ETF

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.