Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $19.70 and last traded at $19.7050, with a volume of 3220 shares traded. The stock had previously closed at $19.73.
First Trust Short Duration Managed Municipal ETF Stock Performance
The company has a 50 day simple moving average of $19.88 and a 200 day simple moving average of $19.96.
Hedge Funds Weigh In On First Trust Short Duration Managed Municipal ETF
A number of hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the second quarter worth $252,000. RFG Advisory LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 11.1% during the second quarter. RFG Advisory LLC now owns 133,263 shares of the company’s stock valued at $2,664,000 after acquiring an additional 13,355 shares during the last quarter. Waverly Advisors LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the second quarter valued at $14,032,000. Insight Inv LLC grew its holdings in First Trust Short Duration Managed Municipal ETF by 5.4% during the 2nd quarter. Insight Inv LLC now owns 91,485 shares of the company’s stock worth $1,829,000 after acquiring an additional 4,675 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 1.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,125 shares of the company’s stock worth $802,000 after acquiring an additional 595 shares in the last quarter.
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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