Allworth Financial LP lifted its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,277 shares of the company’s stock after acquiring an additional 576 shares during the quarter. Allworth Financial LP owned approximately 0.24% of First Trust Short Duration Managed Municipal ETF worth $1,039,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Mutual Advisors LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 6.0% during the 4th quarter. Mutual Advisors LLC now owns 80,688 shares of the company’s stock valued at $1,593,000 after acquiring an additional 4,540 shares in the last quarter. Trust Co. of Oklahoma acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at $873,000. Pinnacle Bancorp Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 1st quarter valued at $64,000. FSB Premier Wealth Management Inc. boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 10.8% during the 3rd quarter. FSB Premier Wealth Management Inc. now owns 86,549 shares of the company’s stock valued at $1,687,000 after acquiring an additional 8,453 shares in the last quarter. Finally, M Holdings Securities Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at $655,000.
First Trust Short Duration Managed Municipal ETF Price Performance
NYSEARCA FSMB opened at $19.74 on Friday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.39 and a twelve month high of $20.51. The business’s fifty day moving average is $19.75 and its 200 day moving average is $19.81.
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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