IFP Advisors Inc Buys 6,310 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

IFP Advisors Inc raised its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 103,464 shares of the company’s stock after acquiring an additional 6,310 shares during the period. IFP Advisors Inc owned approximately 0.50% of First Trust Short Duration Managed Municipal ETF worth $2,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FSMB. Stephens Inc. AR lifted its stake in First Trust Short Duration Managed Municipal ETF by 17.9% during the 3rd quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock valued at $2,330,000 after acquiring an additional 17,700 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 57.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,716 shares of the company’s stock worth $815,000 after purchasing an additional 14,783 shares during the period. PFS Partners LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 2.3% in the 3rd quarter. PFS Partners LLC now owns 641,826 shares of the company’s stock worth $12,843,000 after purchasing an additional 14,262 shares during the period. Atria Investments Inc bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth approximately $274,000. Finally, Core Wealth Partners LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 143.1% in the 3rd quarter. Core Wealth Partners LLC now owns 58,857 shares of the company’s stock worth $1,178,000 after purchasing an additional 34,642 shares during the period.

First Trust Short Duration Managed Municipal ETF Trading Up 0.2 %

Shares of NYSEARCA:FSMB opened at $19.94 on Wednesday. The firm’s 50 day moving average price is $19.88 and its 200-day moving average price is $19.94. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.65 and a twelve month high of $20.11.

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.