519,295 Shares in First Trust Short Duration Managed Municipal ETF $FSMB Purchased by XML Financial LLC

XML Financial LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 519,295 shares of the company’s stock, valued at approximately $10,381,000. XML Financial LLC owned 1.66% of First Trust Short Duration Managed Municipal ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FSMB. Dynamic Advisor Solutions LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 8.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 112,127 shares of the company’s stock worth $2,241,000 after buying an additional 8,356 shares during the period. CoreCap Advisors LLC grew its position in First Trust Short Duration Managed Municipal ETF by 31.5% in the 2nd quarter. CoreCap Advisors LLC now owns 12,017 shares of the company’s stock valued at $240,000 after acquiring an additional 2,876 shares during the last quarter. Hobart Private Capital LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 28.7% in the second quarter. Hobart Private Capital LLC now owns 86,093 shares of the company’s stock worth $1,721,000 after purchasing an additional 19,221 shares during the period. Western Wealth Management LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the first quarter worth $409,000. Finally, Pine Valley Investments Ltd Liability Co boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 9.1% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 60,042 shares of the company’s stock valued at $1,198,000 after purchasing an additional 5,000 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA FSMB opened at $19.85 on Wednesday. The company’s 50-day moving average price is $19.94 and its 200-day moving average price is $20.01. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.80 and a 12 month high of $20.25.

About First Trust Short Duration Managed Municipal ETF

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.