First Trust Short Duration Managed Municipal ETF $FSMB Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 880,016 shares of the company’s stock after buying an additional 46,213 shares during the period. HighTower Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $17,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FSMB. Hazlett Burt & Watson Inc. acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $26,000. Advisory Services Network LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $32,000. US Bancorp DE boosted its stake in First Trust Short Duration Managed Municipal ETF by 29.4% in the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after buying an additional 815 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $82,000. Finally, CoreCap Advisors LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 248.2% in the 4th quarter. CoreCap Advisors LLC now owns 6,758 shares of the company’s stock worth $135,000 after buying an additional 4,817 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $19.90 on Friday. The stock’s 50-day moving average price is $20.00 and its two-hundred day moving average price is $20.06. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.77 and a 12-month high of $20.25.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.