First Trust Short Duration Managed Municipal ETF $FSMB Shares Purchased by RMR Wealth Builders

RMR Wealth Builders raised its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 943,851 shares of the company’s stock after purchasing an additional 81,683 shares during the period. First Trust Short Duration Managed Municipal ETF comprises about 1.6% of RMR Wealth Builders’ investment portfolio, making the stock its 15th largest position. RMR Wealth Builders’ holdings in First Trust Short Duration Managed Municipal ETF were worth $18,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FSMB. Hazlett Burt & Watson Inc. purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new position in First Trust Short Duration Managed Municipal ETF in the 2nd quarter valued at $33,000. IFG Advisory LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the 2nd quarter worth $206,000. Alta Wealth Advisors LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the third quarter worth $218,000. Finally, Hedeker Wealth LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 18.9% during the third quarter. Hedeker Wealth LLC now owns 13,258 shares of the company’s stock worth $266,000 after purchasing an additional 2,112 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.0%

First Trust Short Duration Managed Municipal ETF stock opened at $20.16 on Thursday. The stock has a fifty day moving average price of $20.06 and a 200 day moving average price of $20.05. 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 Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.053 dividend. The ex-dividend date was Wednesday, January 21st. This is a positive change from First Trust Short Duration Managed Municipal ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 3.2%.

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