TrueWealth Financial Partners Buys Shares of 201,726 First Trust Short Duration Managed Municipal ETF $FSMB

TrueWealth Financial Partners bought a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 201,726 shares of the company’s stock, valued at approximately $4,044,000. First Trust Short Duration Managed Municipal ETF accounts for 3.3% of TrueWealth Financial Partners’ investment portfolio, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSMB. Pursuit Wealth Management LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $2,170,000. Gateway Wealth Partners LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter valued at $2,100,000. MGO One Seven LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $1,772,000. RMR Wealth Builders raised its position in First Trust Short Duration Managed Municipal ETF by 9.5% in the third quarter. RMR Wealth Builders now owns 943,851 shares of the company’s stock valued at $18,953,000 after purchasing an additional 81,683 shares during the period. Finally, JPMorgan Chase & Co. raised its position in First Trust Short Duration Managed Municipal ETF by 46.8% in the second quarter. JPMorgan Chase & Co. now owns 245,974 shares of the company’s stock valued at $4,896,000 after purchasing an additional 78,417 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $19.98 on Thursday. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.74 and a 52 week high of $20.25. The stock’s fifty day moving average is $20.03 and its two-hundred day moving average is $20.07.

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