First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Holdings Increased by PFS Partners LLC

PFS Partners LLC grew its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 752,860 shares of the company’s stock after purchasing an additional 111,034 shares during the period. First Trust Short Duration Managed Municipal ETF comprises about 8.0% of PFS Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. PFS Partners LLC owned 3.61% of First Trust Short Duration Managed Municipal ETF worth $14,937,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. First Horizon Advisors Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth $219,000. Atria Investments Inc bought a new stake in First Trust Short Duration Managed Municipal ETF during the third quarter valued at about $274,000. Flow Traders U.S. LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at about $297,000. Dynamic Advisor Solutions LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at approximately $315,000. Finally, Capital Investment Advisory Services LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 10.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 16,632 shares of the company’s stock worth $330,000 after purchasing an additional 1,561 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock opened at $19.93 on Tuesday. The company’s fifty day moving average price is $19.89 and its 200-day moving average price is $19.94. First Trust Short Duration Managed Municipal ETF has a one year low of $19.65 and a one year high of $20.11.

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.