Commonwealth Equity Services LLC Buys 76,219 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Commonwealth Equity Services LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 62.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,110 shares of the company’s stock after purchasing an additional 76,219 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $3,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FSMB. Advisory Services Network LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the third quarter valued at approximately $32,000. Hazlett Burt & Watson Inc. lifted its position in First Trust Short Duration Managed Municipal ETF by 111.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after purchasing an additional 1,450 shares during the period. US Bancorp DE lifted its position in First Trust Short Duration Managed Municipal ETF by 29.4% during the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after purchasing an additional 815 shares during the period. Tucker Asset Management LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at approximately $82,000. Finally, CoreCap Advisors LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 248.2% during the fourth quarter. CoreCap Advisors LLC now owns 6,758 shares of the company’s stock valued at $135,000 after purchasing an additional 4,817 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $20.01 on Tuesday. The company’s 50 day moving average is $19.99 and its 200 day moving average is $20.06. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.84 and a twelve month high of $20.25.

First Trust Short Duration Managed Municipal ETF Company 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.