Gateway Wealth Partners LLC Makes New Investment in First Trust Short Duration Managed Municipal ETF $FSMB

Gateway Wealth Partners LLC acquired a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 104,569 shares of the company’s stock, valued at approximately $2,100,000. Gateway Wealth Partners LLC owned about 0.43% of First Trust Short Duration Managed Municipal ETF as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. RMR Wealth Builders lifted its stake in First Trust Short Duration Managed Municipal ETF by 9.5% during the 3rd quarter. RMR Wealth Builders now owns 943,851 shares of the company’s stock valued at $18,953,000 after acquiring an additional 81,683 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at about $26,000. Arbor Capital Management Inc. ADV lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 2.0% during the third quarter. Arbor Capital Management Inc. ADV now owns 37,182 shares of the company’s stock valued at $747,000 after purchasing an additional 746 shares in the last quarter. Alta Wealth Advisors LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the third quarter worth about $218,000. Finally, Insight Inv LLC grew its position in First Trust Short Duration Managed Municipal ETF by 8.0% in the 3rd quarter. Insight Inv LLC now owns 86,735 shares of the company’s stock worth $1,742,000 after purchasing an additional 6,425 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $20.18 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 firm has a 50-day moving average price of $20.07 and a two-hundred day moving average price of $20.06.

First Trust Short Duration Managed Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were given a dividend of $0.053 per share. The ex-dividend date of this dividend 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 dividend yield of 3.2%.

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.