Front Row Advisors LLC Makes New $99,000 Investment in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Front Row Advisors LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,000 shares of the company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FSMB. JPMorgan Chase & Co. increased its position in shares of First Trust Short Duration Managed Municipal ETF by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock valued at $3,523,000 after purchasing an additional 11,210 shares during the last quarter. Truist Financial Corp boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 177.7% during the fourth quarter. Truist Financial Corp now owns 64,776 shares of the company’s stock worth $1,285,000 after buying an additional 41,448 shares during the period. Hedeker Wealth LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at approximately $1,059,000. Rockefeller Capital Management L.P. increased its stake in First Trust Short Duration Managed Municipal ETF by 0.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock valued at $1,773,000 after buying an additional 700 shares during the period. Finally, Advisory Resource Group raised its holdings in First Trust Short Duration Managed Municipal ETF by 2.3% during the fourth quarter. Advisory Resource Group now owns 112,880 shares of the company’s stock worth $2,240,000 after purchasing an additional 2,564 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

First Trust Short Duration Managed Municipal ETF stock opened at $19.87 on Tuesday. The business has a fifty day moving average of $19.92 and a two-hundred day moving average of $19.93. 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 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.