Waverly Advisors LLC bought a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 701,965 shares of the company’s stock, valued at approximately $14,032,000. Waverly Advisors LLC owned 2.24% of First Trust Short Duration Managed Municipal ETF at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. XML Financial LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF during the second quarter valued at $10,381,000. Cetera Investment Advisers raised 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 acquiring an additional 337,466 shares during the period. TrueWealth Financial Partners purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter worth about $4,044,000. Gateway Wealth Partners LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 102.7% during the 1st quarter. Gateway Wealth Partners LLC now owns 234,040 shares of the company’s stock valued at $4,671,000 after acquiring an additional 118,592 shares during the period. Finally, MGO One Seven LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at about $1,772,000.
First Trust Short Duration Managed Municipal ETF Stock Performance
Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.84 on Wednesday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.80 and a twelve month high of $20.25. The business has a 50-day moving average price of $19.92 and a 200 day moving average price of $19.99.
First Trust Short Duration Managed Municipal ETF 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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