First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Position Boosted by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC boosted its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,632 shares of the company’s stock after buying an additional 1,561 shares during the quarter. Capital Investment Advisory Services LLC owned approximately 0.08% of First Trust Short Duration Managed Municipal ETF worth $330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Foster Victor Wealth Advisors LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 6.9% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 27,870 shares of the company’s stock valued at $554,000 after acquiring an additional 1,793 shares during the last quarter. Nilsine Partners LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 5.5% during the fourth quarter. Nilsine Partners LLC now owns 252,300 shares of the company’s stock valued at $5,006,000 after purchasing an additional 13,213 shares during the last quarter. Avaii Wealth Management LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 79.3% during the fourth quarter. Avaii Wealth Management LLC now owns 36,100 shares of the company’s stock worth $716,000 after purchasing an additional 15,965 shares during the period. Insight Inv LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 34.4% in the 4th quarter. Insight Inv LLC now owns 93,630 shares of the company’s stock worth $1,858,000 after buying an additional 23,975 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $315,000.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1 %

FSMB opened at $19.91 on Friday. The company’s 50-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 fifty-two week low of $19.65 and a fifty-two week 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.