First Trust Short Duration Managed Municipal ETF $FSMB Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 39.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,857 shares of the company’s stock after selling 29,891 shares during the period. Truist Financial Corp’s holdings in First Trust Short Duration Managed Municipal ETF were worth $921,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FSMB. Alta Wealth Advisors LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at $218,000. Insight Inv LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 8.0% in the third quarter. Insight Inv LLC now owns 86,735 shares of the company’s stock worth $1,742,000 after purchasing an additional 6,425 shares in the last quarter. Advisory Resource Group increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 2.1% during the third quarter. Advisory Resource Group now owns 127,534 shares of the company’s stock valued at $2,561,000 after purchasing an additional 2,605 shares during the period. Hedeker Wealth LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 18.9% during the third quarter. Hedeker Wealth LLC now owns 13,258 shares of the company’s stock valued at $266,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Summit Wealth Partners LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 2.2% during the third quarter. Summit Wealth Partners LLC now owns 23,394 shares of the company’s stock valued at $470,000 after purchasing an additional 510 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.0%

Shares of FSMB opened at $20.19 on Tuesday. The firm has a 50-day moving average price of $20.07 and a 200 day moving average price of $20.06. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.47 and a 52-week high of $20.22.

First Trust Short Duration Managed Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a dividend of $0.053 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This is a positive change from First Trust Short Duration Managed Municipal ETF’s previous monthly dividend of $0.05. 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.