Farmers & Merchants Investments Inc. Invests $34,000 in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,733 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in First Trust Short Duration Managed Municipal ETF by 0.8% in the third quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock worth $1,773,000 after buying an additional 700 shares during the period. Occidental Asset Management LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 2.0% in the 3rd quarter. Occidental Asset Management LLC now owns 38,786 shares of the company’s stock worth $776,000 after acquiring an additional 750 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 10.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 16,632 shares of the company’s stock valued at $330,000 after purchasing an additional 1,561 shares during the period. Foster Victor Wealth Advisors LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 6.9% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 27,870 shares of the company’s stock valued at $554,000 after purchasing an additional 1,793 shares in the last quarter. Finally, TruWealth Advisors LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 0.7% in the fourth quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock worth $10,864,000 after purchasing an additional 3,729 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1 %

NYSEARCA:FSMB opened at $19.94 on Monday. The firm’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 has a 1-year low of $19.65 and a 1-year high of $20.11.

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.