IFP Advisors Inc Boosts Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

IFP Advisors Inc raised its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,464 shares of the company’s stock after purchasing an additional 6,310 shares during the period. IFP Advisors Inc’s holdings in First Trust Short Duration Managed Municipal ETF were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSMB. PFS Partners LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 17.3% in the fourth 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 during the last quarter. Genesis Private Wealth LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at about $1,060,000. Hedeker Wealth LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at about $1,059,000. Truist Financial Corp grew its stake in First Trust Short Duration Managed Municipal ETF by 177.7% in the fourth quarter. Truist Financial Corp now owns 64,776 shares of the company’s stock valued at $1,285,000 after purchasing an additional 41,448 shares during the last quarter. Finally, Core Wealth Partners LLC grew its stake 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 purchasing an additional 34,642 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.2 %

FSMB opened at $19.94 on Wednesday. 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 is $19.88 and its two-hundred day moving average is $19.94.

About First Trust Short Duration Managed Municipal ETF

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.