Investment Advisor Adds Shares of Municipal Bond ETF. Should Retail Investors Follow Suit?

2 days ago 5

Jake Lerch, The Motley Fool

Thu, December 4, 2025 astatine 11:16 AM CST 5 min read

Added 75,648 shares of FMB, expanding the presumption by an estimated $4.02 cardinal vs. anterior quarter
Post-trade position: 288,013 shares valued astatine $14.60 million
FMB present represents astir 3.4% of Frisch Financial Group, Inc.’s 13F AUM, which places it extracurricular the fund's apical 5 holdings
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On November 7, 2025, Frisch Financial Group, Inc. disclosed successful a U.S. Securities and Exchange Commission filing that it accrued its involvement successful First Trust Managed Municipal ETF (NASDAQ:FMB) by 75,648 shares, an estimated $4.02 cardinal change.

According to a filing with the U.S. Securities and Exchange Commission dated November 7, 2025, Frisch Financial Group, Inc. accrued its reported holdings successful First Trust Managed Municipal ETF during the 3rd quarter. The steadfast added 75,648 shares, bringing its full presumption to 288,013 shares valued astatine $14.60 cardinal arsenic of September 30, 2025.

FMB present comprises astir 3.4% of Frisch Financial Group, Inc.'s 13F AUM aft the transaction.

Top 5 holdings aft the filing:

JPST: astir $29.98 cardinal (approximately 7.0% of AUM)
RSP: astir $29.77 cardinal (approximately 6.9% of AUM)
VTV: astir $26.73 cardinal (approximately 6.2% of AUM)
BINC: astir $24.64 cardinal (approximately 5.7% of AUM)
GOOGL: astir $23.93 cardinal (approximately 5.6% of AUM)

As of November 7, 2025, FMB shares were priced astatine $51.23, up astir 3.9% implicit the anterior year; shares person underperformed the S&P 500 by 9.04 percent points implicit the aforesaid period.

Metric

Value

Price (as of marketplace adjacent 11/07/25)	$51.23
1-year full return	3.89%

Investment strategy focuses connected investing astatine slightest 80% of assets successful municipal indebtedness securities exempt from regular national income taxes, targeting income and superior preservation.
Portfolio is chiefly composed of municipal indebtedness securities exempt from regular national income taxes.
Structured arsenic an exchange-traded fund, the merchandise is designed for investors seeking tax-exempt income and liquidity.

First Trust Managed Municipal ETF (FMB) is simply a tax-exempt municipal enslaved ETF with a marketplace capitalization of $1.89 billion. The money employs an actively managed strategy to put successful a diversified portfolio of municipal indebtedness securities, seeking to present unchangeable income and superior preservation. FMB's competitory dividend output and absorption connected recognition prime marque it a compelling prime for investors seeking tax-advantaged income solutions wrong a liquid ETF structure.

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