First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Purchased by Insight Inv LLC

Insight Inv LLC raised its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 34.4% during the fourth quarter, Holdings Channel reports. The firm owned 93,630 shares of the company’s stock after purchasing an additional 23,975 shares during the period. Insight Inv LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,858,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter worth about $315,000. Genesis Private Wealth LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $1,060,000. TruWealth Advisors LLC increased its position in shares of First Trust Short Duration Managed Municipal ETF by 0.7% in the fourth quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock worth $10,864,000 after acquiring an additional 3,729 shares in the last quarter. Occidental Asset Management LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 3.5% in the 4th quarter. Occidental Asset Management LLC now owns 40,136 shares of the company’s stock valued at $796,000 after acquiring an additional 1,350 shares during the period. Finally, RMR Wealth Builders lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.9% during the 4th quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock valued at $14,131,000 after acquiring an additional 6,133 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of NYSEARCA FSMB opened at $19.86 on Friday. The stock has a fifty day moving average price of $19.89 and a 200 day moving average price of $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.