Allworth Financial LP grew its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 18.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 183,356 shares of the company’s stock after purchasing an additional 28,565 shares during the period. Allworth Financial LP’s holdings in First Trust Short Duration Managed Municipal ETF were worth $3,641,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at approximately $34,000. First Horizon Advisors Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter worth approximately $219,000. Castle Wealth Management LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF in the fourth quarter worth approximately $233,000. Atria Investments Inc purchased a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter worth approximately $274,000. Finally, Flow Traders U.S. LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter worth approximately $297,000.
First Trust Short Duration Managed Municipal ETF Stock Performance
Shares of FSMB stock opened at $19.93 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.65 and a 12-month high of $20.11. The firm’s 50 day moving average is $19.88 and its 200 day moving average is $19.94.
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.
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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).
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