Core Wealth Partners LLC raised its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 7.4% in the 4th quarter, HoldingsChannel reports. The fund owned 63,227 shares of the company’s stock after purchasing an additional 4,370 shares during the period. Core Wealth Partners LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of FSMB. Raymond James Financial Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at approximately $31,027,000. LPL Financial LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 11.8% during the fourth quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock worth $26,157,000 after buying an additional 138,848 shares in the last quarter. Sowell Financial Services LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $2,309,000. PFS Partners LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 17.3% in the 4th 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. Finally, Independent Advisor Alliance bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter worth about $1,745,000.
First Trust Short Duration Managed Municipal ETF Trading Up 0.1 %
Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.93 on Wednesday. The firm’s 50-day simple moving average is $19.92 and its 200-day simple moving average is $19.94. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.65 and a twelve 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.
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Want to see what other hedge funds are holding FSMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report).
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