Novem Group’s First Trust Short Duration Managed Municipal ETF FSMB Stock Holding History

Novem Group’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 Q2	$338K	Sell	16,900 -23	-0.1%	-$460	0.03%	336
2026 Q1	$338K	Buy	16,923 +608	+4%	+$12.2K	0.04%	330
2025 Q4	$327K	Buy	16,315 +3,315	+26%	+$66.5K	0.04%	325
2025 Q3	$261K	Hold	13,000	–	–	0.03%	359
2025 Q2	$259K	Hold	13,000	–	–	0.03%	336
2025 Q1	$258K	Hold	13,000	–	–	0.04%	308
2024 Q4	$258K	Buy	+13,000	New	+$259K	0.04%	306

Other funds holding FSMB

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

RWB

RMR Wealth Builders Montclair, New Jersey $1.61B AUM 27.77% 1-Year Est. Return

HighTower Advisors Chicago, Illinois $104B AUM 28.3% 1-Year Est. Return

Corient Private Wealth Miami, Florida $72.2B AUM 27.85% 1-Year Est. Return

Commonwealth Equity Services Waltham, Massachusetts $79.5B AUM 27.1% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Waverly Advisors Birmingham, Alabama $17.2B AUM 24.89% 1-Year Est. Return

PFS Partners Mine Hill, New Jersey $247M AUM 29.02% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Novem Group's FSMB Position: Q2 2026 in Review

Novem Group reduced its First Trust Short Duration Managed Municipal ETF (FSMB) stake by 0.14% in Q2 2026, selling an estimated $460 and leaving 16,900 shares worth $338K. The position accounts for 0.03% of the portfolio, ranked #336.

Novem Group first reported a position in FSMB in Q4 2024 and has held it in 7 quarters since. 140 funds tracked by Wall St. Rank hold FSMB as of Q2 2026.

Novem Group held 16,900 shares of First Trust Short Duration Managed Municipal ETF worth $338K as of Q2 2026.
Novem Group sold 23 First Trust Short Duration Managed Municipal ETF shares in Q2 2026, an estimated $460.
First Trust Short Duration Managed Municipal ETF made up 0.03% of Novem Group's portfolio in Q2 2026, its #336 holding.
Novem Group first reported a position in First Trust Short Duration Managed Municipal ETF in Q4 2024 and has held it in 7 quarters since.
140 funds tracked by Wall St. Rank held First Trust Short Duration Managed Municipal ETF as of Q2 2026.

Based on Novem Group's 13F filing for Q2 2026, filed 21 Jul 2026.