25,059 Shares in First Trust Short Duration Managed Municipal ETF $FSMB Acquired by Waddell & Associates LLC

Waddell & Associates LLC bought a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,059 shares of the company’s stock, valued at approximately $502,000. Waddell & Associates LLC owned approximately 0.09% of First Trust Short Duration Managed Municipal ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock worth $34,873,000 after purchasing an additional 53,489 shares in the last quarter. RMR Wealth Builders raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 8.4% in the 4th quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock worth $20,510,000 after purchasing an additional 79,371 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 5.5% in the 4th quarter. HighTower Advisors LLC now owns 880,016 shares of the company’s stock worth $17,640,000 after purchasing an additional 46,213 shares in the last quarter. UBS Group AG raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.8% in the 4th quarter. UBS Group AG now owns 685,880 shares of the company’s stock worth $13,748,000 after purchasing an additional 5,687 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of First Trust Short Duration Managed Municipal ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock worth $8,445,000 after acquiring an additional 15,155 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

First Trust Short Duration Managed Municipal ETF stock opened at $20.01 on Wednesday. The firm’s 50 day simple moving average is $19.99 and its 200-day simple moving average is $20.06. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.85 and a fifty-two 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.