Rockefeller Capital Management L.P. Buys 59,982 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Rockefeller Capital Management L.P. grew its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 477,992 shares of the company’s stock after buying an additional 59,982 shares during the period. Rockefeller Capital Management L.P. owned approximately 1.79% of First Trust Short Duration Managed Municipal ETF worth $9,581,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth approximately $32,000. Hazlett Burt & Watson Inc. grew its holdings 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 last quarter. US Bancorp DE grew its holdings 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 last quarter. Tucker Asset Management LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at approximately $82,000. Finally, CoreCap Advisors LLC raised its position in shares of 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 during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

First Trust Short Duration Managed Municipal ETF stock opened at $19.99 on Friday. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.85 and a fifty-two week high of $20.25. The firm has a fifty day moving average price of $19.99 and a two-hundred day moving average price of $20.06.

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.