Journey Strategic Wealth LLC Sells 3,101 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Journey Strategic Wealth LLC decreased its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 19.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,445 shares of the company’s stock after selling 3,101 shares during the period. Journey Strategic Wealth LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in shares of 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. IFG Advisory LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 2nd quarter worth about $206,000. Capital Analysts LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 15.8% in the 1st quarter. Capital Analysts LLC now owns 10,935 shares of the company’s stock valued at $217,000 after buying an additional 1,496 shares during the last quarter. AE Wealth Management LLC raised its holdings 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. Finally, Howard Capital Management Inc. acquired a new stake in First Trust Short Duration Managed Municipal ETF during the first quarter worth approximately $288,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of NYSEARCA:FSMB opened at $20.02 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.47 and a 12-month high of $20.21. The business has a 50 day moving average of $20.09 and a 200-day moving average of $19.98.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 21st will be paid a $0.052 dividend. The ex-dividend date is Friday, November 21st. This represents a c) annualized dividend and a yield of 3.1%.

First Trust Short Duration Managed Municipal ETF 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.