First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Position Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,468 shares of the company’s stock after purchasing an additional 2,752 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in First Trust Short Duration Managed Municipal ETF by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock worth $3,523,000 after buying an additional 11,210 shares during the last quarter. Atria Investments Inc bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth $274,000. Hedeker Wealth LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth $1,059,000. Rockefeller Capital Management L.P. grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock worth $1,773,000 after acquiring an additional 700 shares during the last quarter. Finally, Stephens Inc. AR raised its position in shares of First Trust Short Duration Managed Municipal ETF by 17.9% during the third quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock worth $2,330,000 after purchasing an additional 17,700 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB opened at $19.90 on Monday. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.65 and a 1-year high of $20.11. The business’s 50-day moving average price is $19.88 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.