IFG Advisory LLC Invests $206,000 in First Trust Short Duration Managed Municipal ETF $FSMB

IFG Advisory LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,342 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 4.6% during the first quarter. Envestnet Asset Management Inc. now owns 405,680 shares of the company’s stock worth $8,061,000 after buying an additional 17,792 shares during the period. Avantax Advisory Services Inc. purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the first quarter worth $342,000. Farther Finance Advisors LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 29.7% during the second quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock worth $103,000 after buying an additional 1,180 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the second quarter worth $783,000. Finally, AE Wealth Management LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 271.6% during the first quarter. AE Wealth Management LLC now owns 11,910 shares of the company’s stock worth $237,000 after buying an additional 8,705 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB opened at $20.06 on Wednesday. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.47 and a 52 week high of $20.21. The business has a fifty day simple moving average of $20.09 and a 200-day simple moving average of $19.95.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.052 dividend. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, November 3rd.

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.