Condor Capital Management Has $4.52 Million Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Condor Capital Management raised its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 227,821 shares of the company’s stock after purchasing an additional 3,826 shares during the quarter. Condor Capital Management owned approximately 1.09% of First Trust Short Duration Managed Municipal ETF worth $4,520,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at about $31,027,000. Sowell Financial Services LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at approximately $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 valued at $14,937,000 after buying an additional 111,034 shares during the period. Independent Advisor Alliance bought a new stake in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at approximately $1,745,000. Finally, Genesis Private Wealth LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at approximately $1,060,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $19.94 on Thursday. The stock’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 12-month low of $19.65 and a 12-month 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.