Elevation Point Wealth Partners LLC Purchases New Position in First Trust Short Duration Managed Municipal ETF $FSMB

Elevation Point Wealth Partners LLC acquired a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the third quarter, HoldingsChannel.com reports. The firm acquired 71,546 shares of the company’s stock, valued at approximately $1,437,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSMB. Gateway Wealth Partners LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at $2,100,000. Osaic Holdings Inc. lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 63.4% during the second quarter. Osaic Holdings Inc. now owns 257,639 shares of the company’s stock valued at $5,128,000 after purchasing an additional 99,949 shares in the last quarter. RMR Wealth Builders boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 9.5% during the third quarter. RMR Wealth Builders now owns 943,851 shares of the company’s stock valued at $18,953,000 after buying an additional 81,683 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 46.8% during the second quarter. JPMorgan Chase & Co. now owns 245,974 shares of the company’s stock valued at $4,896,000 after buying an additional 78,417 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $1,437,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $20.13 on Monday. The business has a 50-day simple moving average of $20.15 and a two-hundred day simple moving average of $20.10. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.47 and a fifty-two week high of $20.25.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.053 per share. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, February 20th.

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.