Foster Victor Wealth Advisors LLC Raises Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Foster Victor Wealth Advisors LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,870 shares of the company’s stock after purchasing an additional 1,793 shares during the quarter. Foster Victor Wealth Advisors LLC owned about 0.13% of First Trust Short Duration Managed Municipal ETF worth $554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FSMB. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 11,210 shares in the last quarter. Atria Investments Inc purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $274,000. Summit Wealth Partners LLC increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 9.2% in the second quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock worth $343,000 after purchasing an additional 1,464 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in First Trust Short Duration Managed Municipal ETF by 0.8% during the third quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock valued at $1,773,000 after acquiring an additional 700 shares during the period. Finally, Occidental Asset Management LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 2.0% in the 3rd quarter. Occidental Asset Management LLC now owns 38,786 shares of the company’s stock worth $776,000 after purchasing an additional 750 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

NYSEARCA:FSMB opened at $19.90 on Wednesday. The stock’s 50 day simple moving average is $19.89 and its two-hundred day simple moving average is $19.94. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.65 and a 1 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.