Vestmark Advisory Solutions Inc. Takes $1.44 Million Position in First Trust Short Duration Managed Municipal ETF $FSMB

Vestmark Advisory Solutions Inc. bought a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 71,546 shares of the company’s stock, valued at approximately $1,437,000. Vestmark Advisory Solutions Inc. owned 0.29% of First Trust Short Duration Managed Municipal ETF at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Osaic Holdings Inc. lifted its stake in First Trust Short Duration Managed Municipal ETF by 63.4% in the 2nd quarter. Osaic Holdings Inc. now owns 257,639 shares of the company’s stock worth $5,128,000 after acquiring an additional 99,949 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 50.1% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 77,138 shares of the company’s stock worth $1,549,000 after buying an additional 25,732 shares in the last quarter. AE Wealth Management LLC lifted its position in 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 in the last quarter. Advisory Resource Group grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 4.3% during the 2nd quarter. Advisory Resource Group now owns 124,929 shares of the company’s stock valued at $2,487,000 after acquiring an additional 5,189 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 43.3% in the second quarter. Allworth Financial LP now owns 256,449 shares of the company’s stock worth $5,105,000 after acquiring an additional 77,518 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB opened at $20.21 on Thursday. The stock has a fifty day moving average price of $20.12 and a 200 day moving average price of $20.08. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.47 and a 1 year high of $20.25.

First Trust Short Duration Managed Municipal ETF Announces Dividend

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

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.