Commonwealth Equity Services LLC Makes New $16 Million Investment in First Trust Short Duration Managed Municipal ETF $FSMB

Commonwealth Equity Services LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 822,217 shares of the company’s stock, valued at approximately $16,000,000.

Several other large investors also recently modified their holdings of the business. Concurrent Investment Advisors LLC increased its position in shares of First Trust Short Duration Managed Municipal ETF by 1.5% during the second quarter. Concurrent Investment Advisors LLC now owns 40,125 shares of the company’s stock worth $802,000 after acquiring an additional 595 shares during the last quarter. IFP Advisors Inc boosted its holdings in First Trust Short Duration Managed Municipal ETF by 0.5% in the third quarter. IFP Advisors Inc now owns 136,843 shares of the company’s stock valued at $2,663,000 after purchasing an additional 709 shares during the last quarter. Farther Finance Advisors LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 3.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 19,020 shares of the company’s stock valued at $370,000 after purchasing an additional 718 shares in the last quarter. Avaii Wealth Management LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 2.2% during the 3rd quarter. Avaii Wealth Management LLC now owns 55,320 shares of the company’s stock valued at $1,080,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 3.1% during the 1st quarter. Private Advisor Group LLC now owns 45,205 shares of the company’s stock worth $902,000 after purchasing an additional 1,360 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB stock opened at $19.83 on Wednesday. The stock’s 50 day moving average is $19.68 and its two-hundred day moving average is $19.93. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.36 and a 52-week 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.