Brooklyn FI LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,226 shares of the company’s stock, valued at approximately $464,000.
Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $31,027,000. Sowell Financial Services LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $2,309,000. PFS Partners LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 17.3% in the 4th quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock valued at $14,937,000 after acquiring an additional 111,034 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $1,745,000. Finally, Genesis Private Wealth LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $1,060,000.
First Trust Short Duration Managed Municipal ETF Price Performance
NYSEARCA:FSMB opened at $19.94 on Thursday. The business’s 50-day moving average price is $19.91 and its two-hundred day moving average price is $19.94. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.65 and a twelve month high of $20.11.
First Trust Short Duration Managed Municipal ETF Profile
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.
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