Elequin Capital LP Boosts Holdings in First Trust Short Duration Managed Municipal ETF $FSMB

Elequin Capital LP boosted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 119.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 52,583 shares of the company’s stock after purchasing an additional 28,655 shares during the period. Elequin Capital LP owned approximately 0.21% of First Trust Short Duration Managed Municipal ETF worth $1,056,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.7% in the 1st quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock valued at $8,445,000 after buying an additional 15,155 shares during the period. Jane Street Group LLC grew its holdings in First Trust Short Duration Managed Municipal ETF by 205.2% during the first quarter. Jane Street Group LLC now owns 63,011 shares of the company’s stock worth $1,252,000 after acquiring an additional 42,363 shares during the period. AE Wealth Management LLC raised its position in First Trust Short Duration Managed Municipal ETF by 39.0% during the second quarter. AE Wealth Management LLC now owns 16,550 shares of the company’s stock valued at $329,000 after acquiring an additional 4,640 shares in the last quarter. Security Financial Services INC. raised its position in First Trust Short Duration Managed Municipal ETF by 11.4% during the second quarter. Security Financial Services INC. now owns 36,178 shares of the company’s stock valued at $720,000 after acquiring an additional 3,706 shares in the last quarter. Finally, Advisory Resource Group lifted its holdings in First Trust Short Duration Managed Municipal ETF by 4.3% in the second quarter. Advisory Resource Group now owns 124,929 shares of the company’s stock valued at $2,487,000 after acquiring an additional 5,189 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

First Trust Short Duration Managed Municipal ETF stock opened at $20.13 on Friday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.47 and a 12 month high of $20.25. The stock’s 50 day simple moving average is $20.15 and its two-hundred day simple moving average is $20.10.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.053 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, February 20th.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.