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NYSEARCA:FSMB

First Trust Short Duration Managed Municipal ETF (FSMB) Price, Holdings, & News

$19.86
+0.01 (+0.05%)
(As of 02/21/2024 ET)
Today's Range
$19.85
$19.88
50-Day Range
$19.82
$19.97
52-Week Range
$19.31
$20.05
Volume
59,641 shs
Average Volume
107,270 shs
Market Capitalization
$428.98 million
Assets Under Management
$405.76 million
Dividend Yield
1.56%
Net Expense Ratio
0.35%

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.

FSMB Stock Price History

FSMB ETF News Headlines

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Fund Details

Issuer
First Trust
Fund Name
First Trust Short Duration Managed Municipal ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:FSMB
Inception Date
11/1/2018
Fund Manager
Johnathan Wilhelm, Tom Futrell
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Fixed Income
Benchmark
N/A
Category
Municipals
Focus
Broad Municipals
Development Level
Developed Markets
Region
North America
Number of Holdings
516

Fund Statistics

Assets Under Management
$405.76 million
Average Daily Volume
$11,837.60
Discount/Premium
0.00%

Administrator, Advisor and Custodian

Administrator
The Bank of New York Mellon Corporation
Advisor
First Trust Advisors L.P.
Custodian
The Bank of New York Mellon Corporation
Distributor
First Trust Portfolios L.P.
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
Jane Street

Options

Optionable
N/A
Short Interest
47,700 shs

Miscellaneous

Beta
0.07
Creation Unit
50,000
Creation Fee
$500.00
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First Trust Short Duration Managed Municipal ETF Expenses

TypeFSMBBroad Municipals ETFsFixed Income ETFsNYSEARCA ETFsAll ETFs
Management Fee0.55%0.33%0.32%0.50%0.51%
Other Expenses0.00%0.47%0.26%0.64%0.58%
Total Expense0.55%0.44%0.39%0.74%0.70%
Fee Waiver-0.20%-0.30%-0.24%-0.69%-0.57%
Net Expense0.35%0.37%0.34%0.57%0.58%

First Trust Short Duration Managed Municipal ETF (FSMB) Holdings & Exposure

Top 10 FSMB Holdings

  • MIAMI-DADE CNTY FLA SEAPORT REV 5%
    Holding Weight: 1.03%
  • Us Dollars
    Holding Weight: 1.01%
  • MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%
    Holding Weight: 1.00%
  • UNIVERSITY TEX PERM UNIV FD 5%
    Holding Weight: 0.99%
  • PUBLIC FIN AUTH WIS POLLUTION CTL REV 3.3%
    Holding Weight: 0.94%
  • PEFA INC IOWA GAS PROJ REV 5%
    Holding Weight: 0.91%
  • HENNEPIN CNTY MINN SALES TAX REV 5%
    Holding Weight: 0.88%
  • ROCKPORT IND POLLUTION CTL REV 3.05%
    Holding Weight: 0.84%
  • NORTH CAROLINA MED CARE COMMN HOSP REV 5%
    Holding Weight: 0.82%
  • GAINESVILLE FLA UTILS SYS REV 2.35%
    Holding Weight: 0.71%

FSMB Sector Exposure

FSMB Industry Exposure















FSMB ETF - Frequently Asked Questions

How have FSMB shares performed in 2024?

First Trust Short Duration Managed Municipal ETF's stock was trading at $19.95 at the beginning of 2024. Since then, FSMB shares have decreased by 0.5% and is now trading at $19.86.
View the best growth stocks for 2024 here
.

What does FSMB invest in?

First Trust Short Duration Managed Municipal ETF is a fixed income fund issued by First Trust. FSMB focuses on broad municipals investments. The fund's investments total to approximately $405.76 million assets under management.

What is the management fee for First Trust Short Duration Managed Municipal ETF?

First Trust Short Duration Managed Municipal ETF's management fee is 0.55% and has no other recorded expenses. However, FSMB has a fee waiver of -0.20% to reimburse the expenses. The net expense ratio for FSMB is 0.35%.

Who are First Trust Short Duration Managed Municipal ETF's major shareholders?

First Trust Short Duration Managed Municipal ETF's stock is owned by a number of retail and institutional investors. Top institutional investors include Raymond James Financial Services Advisors Inc. (5.31%), PFS Partners LLC (2.63%), TruWealth Advisors LLC (2.42%), RMR Wealth Builders (2.22%), Royal Bank of Canada (1.72%) and UBS Group AG (1.55%).

How do I buy shares of First Trust Short Duration Managed Municipal ETF?

Shares of FSMB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:FSMB) was last updated on 2/21/2024 by MarketBeat.com Staff