First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Acquired by Summit Wealth Partners LLC

Summit Wealth Partners LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 31.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,827 shares of the company’s stock after acquiring an additional 5,496 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSMB. PFS Partners LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 17.3% in the 4th quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock valued at $14,937,000 after purchasing an additional 111,034 shares in the last quarter. Genesis Private Wealth LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter worth about $1,060,000. Core Wealth Partners LLC raised its holdings in First Trust Short Duration Managed Municipal ETF by 143.1% in the third quarter. Core Wealth Partners LLC now owns 58,857 shares of the company’s stock valued at $1,178,000 after buying an additional 34,642 shares during the period. Prospera Financial Services Inc purchased a new position in First Trust Short Duration Managed Municipal ETF in the third quarter valued at approximately $644,000. Finally, Stifel Financial Corp raised its holdings in First Trust Short Duration Managed Municipal ETF by 12.1% in the third quarter. Stifel Financial Corp now owns 245,600 shares of the company’s stock valued at $4,914,000 after buying an additional 26,544 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA FSMB opened at $19.94 on Thursday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.65 and a one year high of $20.11. The company’s 50 day moving average price is $19.89 and its 200 day moving average price is $19.94.

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.