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Independent Advisor Alliance’s First Trust Short Duration Managed Municipal ETF FSMB Stock Holding History

Independent Advisor Alliance’s Portfolio FSMB Stock Details FSMB Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$1.72M Buy
+86,209
New +$1.73M 0.02% 605
2025
Q1 		– Sell
-87,959
Closed -$1.75M – 997
2024
Q4 		$1.75M Buy
+87,959
New +$1.75M 0.02% 547

Other funds holding FSMB

Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
LPL Financial
LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return
RWB
RMR Wealth Builders Montclair, New Jersey $1.27B AUM 19.16% 1-Year Est. Return
Corient Private Wealth
Corient Private Wealth Miami, Florida $69.9B AUM 22.19% 1-Year Est. Return
HighTower Advisors
HighTower Advisors Chicago, Illinois $94.2B AUM 21.24% 1-Year Est. Return
PP
PFS Partners Mine Hill, New Jersey $218M AUM 13.38% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
TA
TruWealth Advisors Metairie, Louisiana $2.08B AUM 21.15% 1-Year Est. Return
Cetera Investment Advisers
Cetera Investment Advisers Schaumburg, Illinois $94B AUM 20.14% 1-Year Est. Return
NA
NewEdge Advisors New Orleans, Louisiana $27.7B AUM 22.98% 1-Year Est. Return

Independent Advisor Alliance's FSMB Position: Q1 2026 in Review

Independent Advisor Alliance opened a new position in First Trust Short Duration Managed Municipal ETF (FSMB) in Q1 2026: 86,209 shares worth $1.72M. The stake represents 0.02% of the portfolio and ranks #605 among its holdings. This is a return to the name: Independent Advisor Alliance previously reported a position in FSMB as recently as Q4 2024.

Independent Advisor Alliance first reported a position in FSMB in Q4 2024 and has held it in 2 quarters since. The position peaked at $1.75M in Q4 2024. 139 funds tracked by Wall St. Rank hold FSMB as of Q1 2026.

  • Independent Advisor Alliance held 86,209 shares of First Trust Short Duration Managed Municipal ETF worth $1.72M as of Q1 2026.
  • First Trust Short Duration Managed Municipal ETF was a new Independent Advisor Alliance position in Q1 2026.
  • First Trust Short Duration Managed Municipal ETF made up 0.02% of Independent Advisor Alliance's portfolio in Q1 2026, its #605 holding.
  • Independent Advisor Alliance first reported a position in First Trust Short Duration Managed Municipal ETF in Q4 2024 and has held it in 2 quarters since.
  • Independent Advisor Alliance's First Trust Short Duration Managed Municipal ETF position peaked at $1.75M in Q4 2024.
  • 139 funds tracked by Wall St. Rank held First Trust Short Duration Managed Municipal ETF as of Q1 2026.

Based on Independent Advisor Alliance's 13F filing for Q1 2026, filed 12 May 2026.