MML Investors Services LLC Has $4.50 Million Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

MML Investors Services LLC raised its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 224,749 shares of the company’s stock after purchasing an additional 13,690 shares during the quarter. MML Investors Services LLC owned 1.08% of First Trust Short Duration Managed Municipal ETF worth $4,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FSMB. Hobart Private Capital LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 100.5% in the second quarter. Hobart Private Capital LLC now owns 71,024 shares of the company’s stock valued at $1,404,000 after buying an additional 35,596 shares in the last quarter. Core Wealth Partners LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 143.1% in the 3rd quarter. Core Wealth Partners LLC now owns 58,857 shares of the company’s stock valued at $1,178,000 after purchasing an additional 34,642 shares in the last quarter. RMR Wealth Builders boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 5.6% in the 2nd quarter. RMR Wealth Builders now owns 642,459 shares of the company’s stock valued at $12,701,000 after purchasing an additional 34,026 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at approximately $644,000. Finally, Stifel Financial Corp lifted its stake in First Trust Short Duration Managed Municipal ETF by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 245,600 shares of the company’s stock valued at $4,914,000 after purchasing an additional 26,544 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Down 0.2 %

NYSEARCA FSMB opened at $19.90 on Friday. The firm’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $19.92. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.65 and a fifty-two week high of $20.11.

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.