Arbor Capital Management Inc. ADV boosted its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,427 shares of the company’s stock after purchasing an additional 1,001 shares during the quarter. Arbor Capital Management Inc. ADV owned about 0.17% of First Trust Short Duration Managed Municipal ETF worth $705,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of FSMB. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth $34,000. Creative Financial Designs Inc. ADV increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 490.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,679 shares of the company’s stock worth $53,000 after buying an additional 2,225 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $81,000. First Horizon Advisors Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $219,000. Finally, Castle Wealth Management LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $233,000.
First Trust Short Duration Managed Municipal ETF Stock Performance
First Trust Short Duration Managed Municipal ETF stock opened at $19.93 on Monday. The company’s 50-day moving average price is $19.91 and its 200-day moving average price is $19.94. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.65 and a twelve 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.
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