Gateway Wealth Partners LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 102.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 234,040 shares of the company’s stock after buying an additional 118,592 shares during the quarter. Gateway Wealth Partners LLC owned approximately 0.79% of First Trust Short Duration Managed Municipal ETF worth $4,671,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.4% during the 4th quarter. Morgan Stanley now owns 4,412,903 shares of the company’s stock worth $88,457,000 after acquiring an additional 16,783 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock valued at $34,873,000 after purchasing an additional 53,489 shares in the last quarter. Corient Private Wealth LLC raised 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 worth $24,559,000 after purchasing an additional 35,272 shares during the period. RMR Wealth Builders raised its holdings in First Trust Short Duration Managed Municipal ETF by 8.4% in the 4th quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock worth $20,510,000 after purchasing an additional 79,371 shares during the period. Finally, HighTower Advisors LLC boosted 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 worth $17,640,000 after purchasing an additional 46,213 shares in the last quarter.
First Trust Short Duration Managed Municipal ETF Price Performance
Shares of FSMB opened at $19.88 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.80 and a 12 month high of $20.25. The stock’s 50 day moving average is $19.98 and its two-hundred day moving average is $20.05.
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.
Recommended Stories
- Five stocks we like better than First Trust Short Duration Managed Municipal ETF
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Want to see what other hedge funds are holding FSMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report).
Receive News & Ratings for First Trust Short Duration Managed Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Short Duration Managed Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.
