D.A. Davidson & CO. Purchases New Stake in First Trust Short Duration Managed Municipal ETF $FSMB

D.A. Davidson & CO. bought a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,627 shares of the company’s stock, valued at approximately $557,000. D.A. Davidson & CO. owned about 0.09% of First Trust Short Duration Managed Municipal ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of FSMB. Waverly Advisors LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the second quarter worth $14,032,000. Vaquero Private Wealth Ltd. lifted its stake in First Trust Short Duration Managed Municipal ETF by 3.1% in the third quarter. Vaquero Private Wealth Ltd. now owns 620,507 shares of the company’s stock valued at $12,075,000 after acquiring an additional 18,758 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 157.3% in the 1st quarter. Cetera Investment Advisers now owns 551,996 shares of the company’s stock valued at $11,018,000 after purchasing an additional 337,466 shares during the period. NewEdge Advisors LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 8.9% during the first quarter. NewEdge Advisors LLC now owns 531,145 shares of the company’s stock valued at $10,602,000 after acquiring an additional 43,529 shares during the last quarter. Finally, XML Financial LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the 2nd quarter worth approximately $10,381,000.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1%

FSMB opened at $19.85 on Friday. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.36 and a fifty-two week high of $20.25. The company has a fifty day moving average of $19.68 and a two-hundred day moving average of $19.94.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.