First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Stock Position Lifted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,468 shares of the company’s stock after acquiring an additional 2,752 shares during the quarter. Concurrent Investment Advisors LLC owned 0.21% of First Trust Short Duration Managed Municipal ETF worth $862,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at $34,000. First Horizon Advisors Inc. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $219,000. Castle Wealth Management LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at about $233,000. Atria Investments Inc acquired a new stake in First Trust Short Duration Managed Municipal ETF during the third quarter worth about $274,000. Finally, Flow Traders U.S. LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF during the third quarter worth about $297,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB stock opened at $19.90 on Monday. The business has a 50 day moving average of $19.88 and a two-hundred day moving average of $19.94. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.65 and a 52 week high of $20.11.

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.