Dynamic Advisor Solutions LLC Increases Stock Position in First Trust Short Duration Managed Municipal ETF $FSMB

Dynamic Advisor Solutions LLC boosted its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 50.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,138 shares of the company’s stock after acquiring an additional 25,732 shares during the period. Dynamic Advisor Solutions LLC owned 0.32% of First Trust Short Duration Managed Municipal ETF worth $1,549,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the second quarter worth about $33,000. Farther Finance Advisors LLC raised its position in First Trust Short Duration Managed Municipal ETF by 29.7% during the 2nd 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 last quarter. IFG Advisory LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the 2nd quarter valued at approximately $206,000. Keystone Wealth Services LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 43.5% in the 2nd quarter. Keystone Wealth Services LLC now owns 16,500 shares of the company’s stock worth $328,000 after buying an additional 5,000 shares during the period. Finally, AE Wealth Management LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 39.0% in the 2nd quarter. AE Wealth Management LLC now owns 16,550 shares of the company’s stock worth $329,000 after buying an additional 4,640 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB opened at $20.02 on Monday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.47 and a 52-week high of $20.21. The stock’s 50 day moving average price is $20.05 and its 200-day moving average price is $20.01.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 21st.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.