Waddell & Associates LLC bought a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 25,059 shares of the company’s stock, valued at approximately $502,000.
Several other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. increased its position in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the second quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock worth $34,873,000 after acquiring an additional 53,489 shares in the last quarter. RMR Wealth Builders grew its position in First Trust Short Duration Managed Municipal ETF by 8.4% during the fourth quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock valued at $20,510,000 after purchasing an additional 79,371 shares in the last quarter. HighTower Advisors LLC grew its position in First Trust Short Duration Managed Municipal ETF by 5.5% during the fourth quarter. HighTower Advisors LLC now owns 880,016 shares of the company’s stock valued at $17,640,000 after purchasing an additional 46,213 shares in the last quarter. UBS Group AG grew its position in First Trust Short Duration Managed Municipal ETF by 0.8% during the fourth quarter. UBS Group AG now owns 685,880 shares of the company’s stock valued at $13,748,000 after purchasing an additional 5,687 shares in the last quarter. Finally, Royal Bank of Canada grew its position in First Trust Short Duration Managed Municipal ETF by 3.7% during the first quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock valued at $8,445,000 after purchasing an additional 15,155 shares in the last quarter.
First Trust Short Duration Managed Municipal ETF Price Performance
Shares of FSMB opened at $20.01 on Wednesday. The company’s 50 day moving average price is $19.99 and its 200 day moving average price is $20.06. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.85 and a 52 week high of $20.25.
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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.
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