71,546 Shares in First Trust Short Duration Managed Municipal ETF $FSMB Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 71,546 shares of the company’s stock, valued at approximately $1,437,000.

Several other large investors have also modified their holdings of the company. Condor Capital Management raised its holdings in First Trust Short Duration Managed Municipal ETF by 0.6% in the 3rd quarter. Condor Capital Management now owns 233,955 shares of the company’s stock worth $4,698,000 after acquiring an additional 1,375 shares during the period. Uniting Wealth Partners LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at about $354,000. Stratos Wealth Partners LTD. increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 2.4% in the third quarter. Stratos Wealth Partners LTD. now owns 40,285 shares of the company’s stock worth $809,000 after purchasing an additional 948 shares during the period. EnRich Financial Partners LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 0.5% during the 3rd quarter. EnRich Financial Partners LLC now owns 383,680 shares of the company’s stock worth $7,704,000 after purchasing an additional 1,818 shares during the last quarter. Finally, Francis Financial Inc. boosted its stake in First Trust Short Duration Managed Municipal ETF by 10.5% during the 3rd quarter. Francis Financial Inc. now owns 147,855 shares of the company’s stock valued at $2,969,000 after purchasing an additional 14,058 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1%

Shares of NYSEARCA FSMB opened at $20.21 on Thursday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.47 and a 12 month high of $20.25. The business’s 50 day moving average is $20.12 and its two-hundred day moving average is $20.08.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a $0.053 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 3.1%.

First Trust Short Duration Managed Municipal ETF Company 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.