RMR Wealth Builders Raises Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

RMR Wealth Builders increased its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 712,254 shares of the company’s stock after acquiring an additional 6,133 shares during the period. First Trust Short Duration Managed Municipal ETF makes up about 1.5% of RMR Wealth Builders’ holdings, making the stock its 17th largest holding. RMR Wealth Builders’ holdings in First Trust Short Duration Managed Municipal ETF were worth $14,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at $219,000. Atria Investments Inc acquired a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter valued at $274,000. Flow Traders U.S. LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $297,000. Summit Wealth Partners LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 9.2% during the 2nd quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock worth $343,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Silver Oak Securities Incorporated purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $390,000.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock traded down $0.03 during trading on Friday, hitting $19.83. 106,146 shares of the company’s stock were exchanged, compared to its average volume of 161,524. The business has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $19.93. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.65 and a 52-week 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.