Corient Private Wealth LLC Acquires 35,272 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Corient Private Wealth LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 3.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,225,195 shares of the company’s stock after acquiring an additional 35,272 shares during the period. Corient Private Wealth LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $24,559,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $32,000. Hazlett Burt & Watson Inc. increased its position in shares of First Trust Short Duration Managed Municipal ETF by 111.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock worth $55,000 after purchasing an additional 1,450 shares during the last quarter. US Bancorp DE increased its position in shares of First Trust Short Duration Managed Municipal ETF by 29.4% in the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after purchasing an additional 815 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter worth approximately $82,000. Finally, CoreCap Advisors LLC raised its stake in First Trust Short Duration Managed Municipal ETF by 248.2% in 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 in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $20.03 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.85 and a 1 year high of $20.25. The company has a 50 day simple moving average of $19.99 and a two-hundred day simple moving average of $20.06.

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.