Tucker Asset Management LLC Acquires Shares of 1,558 First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Tucker Asset Management LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,558 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $31,027,000. LPL Financial LLC raised its stake in First Trust Short Duration Managed Municipal ETF by 11.8% in the fourth quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock valued at $26,157,000 after purchasing an additional 138,848 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $2,309,000. PFS Partners LLC raised its stake in First Trust Short Duration Managed Municipal ETF by 17.3% in the fourth quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock worth $14,937,000 after buying an additional 111,034 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at approximately $1,745,000.

First Trust Short Duration Managed Municipal ETF Trading Up 0.2 %

NYSEARCA FSMB opened at $19.85 on Friday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.65 and a one year high of $20.11. The stock has a 50-day moving average of $19.92 and a 200 day moving average of $19.93.

First Trust Short Duration Managed Municipal ETF Company 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.