Genesis Private Wealth LLC Buys 3,205 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Genesis Private Wealth LLC raised its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 5.7% during the second quarter, HoldingsChannel.com reports. The fund owned 59,446 shares of the company’s stock after purchasing an additional 3,205 shares during the quarter. Genesis Private Wealth LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of FSMB. One Plus One Wealth Management LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 14.7% in the 2nd quarter. One Plus One Wealth Management LLC now owns 39,108 shares of the company’s stock worth $778,000 after buying an additional 5,023 shares during the last quarter. Avaii Wealth Management LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 21.7% in the 2nd quarter. Avaii Wealth Management LLC now owns 50,772 shares of the company’s stock worth $1,011,000 after buying an additional 9,037 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 29.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock worth $103,000 after buying an additional 1,180 shares during the last quarter. Keystone Wealth Services LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 43.5% in the 2nd quarter. Keystone Wealth Services LLC now owns 16,500 shares of the company’s stock worth $328,000 after buying an additional 5,000 shares during the last quarter. Finally, RMR Wealth Builders increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 6.0% in the 2nd quarter. RMR Wealth Builders now owns 862,168 shares of the company’s stock worth $17,161,000 after buying an additional 49,158 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

First Trust Short Duration Managed Municipal ETF stock opened at $20.08 on Monday. The company’s 50-day moving average price is $20.03 and its 200-day moving average price is $19.90. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.47 and a twelve month high of $20.21.

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.