First Trust Short Duration Managed Municipal ETF Price & Performance (FSMB)

Raymond James Financial Inc. has significantly increased its holdings in the First Trust Ultra Short Duration Municipal ETF, acquiring 252,346 shares valued at approximately $5.07 million. This move underscores growing interest in tax-exempt income-focused funds, especially as the ETF maintains stable pricing with minimal volatility.12

Macquarie Asset Management has launched the National High-Yield Municipal Bond ETF (HTAX), targeting tax-advantaged income for investors. This marks their second actively managed municipal bond ETF, leveraging a strong municipal bond team managing $11.8 billion in assets. HTAX aims to provide competitive risk-adjusted returns.34

First Trust California Municipal High Income ETF has experienced a rise in institutional investments. Avantax Advisory Services grew its stake by 3.7% in Q4 2024, while other firms like JPMorgan Chase & Co. and Steward Partners have also increased their holdings. The ETF remains a popular choice for income-focused investors.56