Eldridge Investment Advisors Inc. Purchases 37,315 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Eldridge Investment Advisors Inc. grew its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 58.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 101,336 shares of the company’s stock after purchasing an additional 37,315 shares during the quarter. Eldridge Investment Advisors Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $2,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFS Partners LLC raised its stake in First Trust Short Duration Managed Municipal ETF by 37,684.8% in the 4th quarter. PFS Partners LLC now owns 567,527 shares of the company’s stock valued at $11,322,000 after acquiring an additional 566,025 shares during the period. Allworth Financial LP lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 182.5% during the 4th quarter. Allworth Financial LP now owns 146,906 shares of the company’s stock valued at $2,931,000 after buying an additional 94,910 shares in the last quarter. HighTower Advisors LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF by 19.8% in the 3rd quarter. HighTower Advisors LLC now owns 560,311 shares of the company’s stock worth $10,860,000 after buying an additional 92,423 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth approximately $1,730,000. Finally, International Assets Investment Management LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at approximately $1,539,000.

First Trust Short Duration Managed Municipal ETF Trading Up 0.1 %

FSMB stock traded up $0.02 during midday trading on Thursday, reaching $19.75. 111,131 shares of the company’s stock traded hands, compared to its average volume of 97,722. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.31 and a 52 week high of $19.97. The company has a 50-day moving average price of $19.83 and a two-hundred day moving average price of $19.78.

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.