First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Free Report) saw unusually-strong trading volume on Friday. 142,947 shares changed hands during trading, a decline of 10% from the previous session’s volume of 158,415 shares. The stock last traded at $19.5750 and had previously closed at $19.52.
First Trust Short Duration Managed Municipal ETF Price Performance
The stock’s fifty day moving average price is $19.81 and its two-hundred day moving average price is $19.93.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Corient Private Wealth LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 3.0% in the 4th quarter. Corient Private Wealth LLC now owns 1,225,195 shares of the company’s stock valued at $24,559,000 after purchasing an additional 35,272 shares in the last quarter. Waverly Advisors LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 2nd quarter worth $14,032,000. Cetera Investment Advisers boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 157.3% in the first quarter. Cetera Investment Advisers now owns 551,996 shares of the company’s stock worth $11,018,000 after buying an additional 337,466 shares during the period. NewEdge Advisors LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 8.9% during the first quarter. NewEdge Advisors LLC now owns 531,145 shares of the company’s stock valued at $10,602,000 after purchasing an additional 43,529 shares during the period. Finally, XML Financial LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the 2nd quarter worth $10,381,000.
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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