Elevation Point Wealth Partners LLC Acquires Shares of 71,546 First Trust Short Duration Managed Municipal ETF $FSMB

Elevation Point Wealth Partners LLC bought a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 71,546 shares of the company’s stock, valued at approximately $1,437,000. Elevation Point Wealth Partners LLC owned 0.29% of First Trust Short Duration Managed Municipal ETF at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at about $26,000. Evolution Wealth Management Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF in the second quarter worth about $33,000. US Bancorp DE lifted its holdings in First Trust Short Duration Managed Municipal ETF by 29.4% in the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after buying an additional 815 shares during the period. TIAA Trust National Association bought a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at approximately $207,000. Finally, Alta Wealth Advisors LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth approximately $218,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB opened at $20.13 on Monday. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.47 and a 52 week high of $20.25. The business has a 50 day moving average of $20.15 and a 200-day moving average of $20.10.

First Trust Short Duration Managed Municipal ETF Announces Dividend

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

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.