Osaic Holdings Inc. Buys 99,949 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Osaic Holdings Inc. lifted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 63.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 257,639 shares of the company’s stock after acquiring an additional 99,949 shares during the period. Osaic Holdings Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $5,128,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock valued at $34,873,000 after acquiring an additional 53,489 shares in the last quarter. RMR Wealth Builders grew its holdings in First Trust Short Duration Managed Municipal ETF by 6.0% during the second quarter. RMR Wealth Builders now owns 862,168 shares of the company’s stock valued at $17,161,000 after purchasing an additional 49,158 shares during the last quarter. TruWealth Advisors LLC grew its holdings in First Trust Short Duration Managed Municipal ETF by 5.4% during the second quarter. TruWealth Advisors LLC now owns 622,789 shares of the company’s stock valued at $12,397,000 after purchasing an additional 31,661 shares during the last quarter. Royal Bank of Canada raised its position in shares of First Trust Short Duration Managed Municipal ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock valued at $8,445,000 after purchasing an additional 15,155 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 12.8% in the second quarter. NewEdge Advisors LLC now owns 417,780 shares of the company’s stock worth $8,316,000 after buying an additional 47,538 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Down 0.0%

NYSEARCA FSMB opened at $20.02 on Wednesday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.47 and a 1 year high of $20.21. The company has a fifty day simple moving average of $20.05 and a 200 day simple moving average of $20.02.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were issued a dividend of $0.052 per share. This represents a c) dividend on an annualized basis 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.