Dynamic Advisor Solutions LLC Increases Holdings in First Trust Short Duration Managed Municipal ETF $FSMB

Dynamic Advisor Solutions LLC grew its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 50.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 77,138 shares of the company’s stock after purchasing an additional 25,732 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,549,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Genesis Private Wealth LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 10.4% in the 3rd quarter. Genesis Private Wealth LLC now owns 65,655 shares of the company’s stock worth $1,318,000 after purchasing an additional 6,209 shares during the last quarter. TruWealth Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 3.1% during the 3rd quarter. TruWealth Advisors LLC now owns 641,990 shares of the company’s stock valued at $12,891,000 after purchasing an additional 19,201 shares in the last quarter. Inspirion Wealth Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 15.6% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 39,630 shares of the company’s stock valued at $793,000 after purchasing an additional 5,335 shares in the last quarter. Nilsine Partners LLC raised its holdings in First Trust Short Duration Managed Municipal ETF by 8.9% in the third quarter. Nilsine Partners LLC now owns 246,573 shares of the company’s stock worth $4,951,000 after buying an additional 20,233 shares during the last quarter. Finally, Hobart Private Capital LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 53.0% in the third quarter. Hobart Private Capital LLC now owns 56,667 shares of the company’s stock worth $1,138,000 after buying an additional 19,636 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $20.02 on Monday. The company’s 50 day moving average price is $20.05 and its 200-day moving average price is $20.01. 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were paid a dividend of $0.052 per share. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, November 21st.

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.