Visionary Wealth Advisors Buys 13,334 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Visionary Wealth Advisors lifted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.8% during the 4th quarter, HoldingsChannel reports. The firm owned 209,205 shares of the company’s stock after acquiring an additional 13,334 shares during the period. Visionary Wealth Advisors’ holdings in First Trust Short Duration Managed Municipal ETF were worth $4,151,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth $31,027,000. LPL Financial LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 11.8% in the 4th quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock worth $26,157,000 after purchasing an additional 138,848 shares in the last quarter. PFS Partners LLC raised its position in First Trust Short Duration Managed Municipal ETF by 17.3% in the fourth quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock valued at $14,937,000 after purchasing an additional 111,034 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.7% during the fourth quarter. HighTower Advisors LLC now owns 732,127 shares of the company’s stock valued at $14,525,000 after purchasing an additional 5,450 shares in the last quarter. Finally, TruWealth Advisors LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.7% during the fourth quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock worth $10,864,000 after purchasing an additional 3,729 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1%

First Trust Short Duration Managed Municipal ETF stock opened at $19.82 on Monday. The business has a 50 day moving average of $19.79 and a 200-day moving average of $19.87. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.47 and a 1 year 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.