First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) is PFS Partners LLC’s 2nd Largest Position

PFS Partners LLC grew its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 752,860 shares of the company’s stock after purchasing an additional 111,034 shares during the quarter. First Trust Short Duration Managed Municipal ETF comprises approximately 8.0% of PFS Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. PFS Partners LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $14,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSMB. First Horizon Advisors Inc. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at about $219,000. Atria Investments Inc acquired a new position in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth approximately $274,000. Flow Traders U.S. LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth approximately $297,000. Dynamic Advisor Solutions LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at approximately $315,000. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 10.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 16,632 shares of the company’s stock valued at $330,000 after acquiring an additional 1,561 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.1 %

NYSEARCA FSMB opened at $19.93 on Tuesday. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.65 and a fifty-two week high of $20.11. The stock has a 50-day simple moving average of $19.89 and a two-hundred day simple moving average of $19.94.

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.