Moneco Advisors LLC Makes New $1.44 Million Investment in First Trust Short Duration Managed Municipal ETF $FSMB

Moneco Advisors LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 73,788 shares of the company’s stock, valued at approximately $1,436,000. Moneco Advisors LLC owned approximately 0.22% of First Trust Short Duration Managed Municipal ETF at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the third quarter worth approximately $16,000,000. Waverly Advisors LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the second quarter valued at $14,032,000. Vaquero Private Wealth Ltd. raised its holdings in First Trust Short Duration Managed Municipal ETF by 3.1% in the third quarter. Vaquero Private Wealth Ltd. now owns 620,507 shares of the company’s stock valued at $12,075,000 after acquiring an additional 18,758 shares in the last quarter. Cetera Investment Advisers raised its holdings in 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 valued at $11,018,000 after acquiring an additional 337,466 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 531,145 shares of the company’s stock valued at $10,602,000 after acquiring an additional 43,529 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB stock opened at $19.82 on Thursday. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.36 and a 1-year high of $20.25. The firm has a fifty day moving average of $19.67 and a two-hundred day moving average of $19.93.

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.