TruWealth Advisors LLC Has $10.86 Million Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

TruWealth Advisors LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 547,562 shares of the company’s stock after purchasing an additional 3,729 shares during the period. TruWealth Advisors LLC owned 2.63% of First Trust Short Duration Managed Municipal ETF worth $10,864,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 2.5% in the third quarter. HighTower Advisors LLC now owns 726,677 shares of the company’s stock worth $14,536,000 after buying an additional 17,431 shares during the last quarter. RMR Wealth Builders boosted its holdings in First Trust Short Duration Managed Municipal ETF by 0.9% during the fourth quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock valued at $14,131,000 after acquiring an additional 6,133 shares during the period. PFS Partners LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 2.3% in the third quarter. PFS Partners LLC now owns 641,826 shares of the company’s stock valued at $12,843,000 after purchasing an additional 14,262 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 3.8% in the second quarter. Envestnet Asset Management Inc. now owns 398,963 shares of the company’s stock worth $7,888,000 after purchasing an additional 14,752 shares during the period. Finally, EnRich Financial Partners LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 4.8% during the 3rd quarter. EnRich Financial Partners LLC now owns 304,000 shares of the company’s stock valued at $6,083,000 after purchasing an additional 13,922 shares during the period.

First Trust Short Duration Managed Municipal ETF Trading Up 0.3 %

Shares of FSMB stock opened at $19.88 on Friday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.65 and a 12 month high of $20.11. The stock has a 50 day moving average of $19.90 and a 200-day moving average of $19.94.

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.