Envestnet Asset Management Inc. Lowers Stock Position in First Trust Short Duration Managed Municipal ETF $FSMB

Envestnet Asset Management Inc. trimmed its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 16.1% during the second quarter, HoldingsChannel.com reports. The fund owned 340,535 shares of the company’s stock after selling 65,145 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $6,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of FSMB. Farther Finance Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 29.7% in the second quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock valued at $103,000 after purchasing an additional 1,180 shares during the period. Capital Analysts LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 15.8% during the first quarter. Capital Analysts LLC now owns 10,935 shares of the company’s stock worth $217,000 after buying an additional 1,496 shares during the last quarter. AE Wealth Management LLC increased its position in First Trust Short Duration Managed Municipal ETF by 271.6% in the 1st quarter. AE Wealth Management LLC now owns 11,910 shares of the company’s stock valued at $237,000 after acquiring an additional 8,705 shares during the period. Brookwood Investment Group LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the 1st quarter valued at about $275,000. Finally, Howard Capital Management Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 1st quarter valued at approximately $288,000.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1%

First Trust Short Duration Managed Municipal ETF stock opened at $20.08 on Wednesday. The stock has a 50 day moving average of $20.10 and a two-hundred day moving average of $19.97. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.47 and a twelve month high of $20.21.

First Trust Short Duration Managed Municipal ETF Announces Dividend

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

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.