Rockefeller Capital Management L.P. Has $9.58 Million Position in First Trust Short Duration Managed Municipal ETF $FSMB

Rockefeller Capital Management L.P. raised its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 14.3% in the fourth quarter, Holdings Channel reports. The fund owned 477,992 shares of the company’s stock after acquiring an additional 59,982 shares during the period. Rockefeller Capital Management L.P.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $9,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FSMB. Corient Private Wealth LLC increased its position in shares of First Trust Short Duration Managed Municipal ETF by 3.0% during the 4th quarter. Corient Private Wealth LLC now owns 1,225,195 shares of the company’s stock worth $24,559,000 after purchasing an additional 35,272 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 10.4% during the 4th quarter. NewEdge Advisors LLC now owns 487,616 shares of the company’s stock valued at $9,774,000 after purchasing an additional 45,972 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust Short Duration Managed Municipal ETF by 4.0% in the fourth quarter. Cetera Investment Advisers now owns 214,530 shares of the company’s stock valued at $4,300,000 after buying an additional 8,335 shares in the last quarter. Equitable Holdings Inc. boosted its position in First Trust Short Duration Managed Municipal ETF by 3.3% in the fourth quarter. Equitable Holdings Inc. now owns 80,979 shares of the company’s stock valued at $1,623,000 after buying an additional 2,617 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in First Trust Short Duration Managed Municipal ETF by 1,541.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 57,463 shares of the company’s stock worth $1,152,000 after buying an additional 53,963 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Down 0.2%

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.99 on Friday. The firm’s 50-day moving average price is $19.99 and its two-hundred day moving average price is $20.06. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.85 and a 1-year high of $20.25.

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.