First Trust Short Duration Managed Municipal ETF $FSMB Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,145 shares of the company’s stock after buying an additional 43,529 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $10,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers increased its position in 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 acquiring an additional 337,466 shares during the period. TrueWealth Financial Partners purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at approximately $4,044,000. Gateway Wealth Partners LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 102.7% in the 1st quarter. Gateway Wealth Partners LLC now owns 234,040 shares of the company’s stock valued at $4,671,000 after purchasing an additional 118,592 shares during the last quarter. Pursuit Wealth Management LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at approximately $2,170,000. Finally, MGO One Seven LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at approximately $1,772,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

First Trust Short Duration Managed Municipal ETF stock opened at $19.96 on Monday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.80 and a 12 month high of $20.25. The business has a 50 day simple moving average of $19.97 and a 200-day simple moving average of $20.03.

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