Capital Financial Group Inc. Co. ADV bought a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,400 shares of the company’s stock, valued at approximately $609,000. Capital Financial Group Inc. Co. ADV owned 0.11% of First Trust Short Duration Managed Municipal ETF at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at $1,437,000. Elequin Capital LP raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 119.8% in the third quarter. Elequin Capital LP now owns 52,583 shares of the company’s stock valued at $1,056,000 after acquiring an additional 28,655 shares during the period. Pursuit Wealth Management LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $2,170,000. RMR Wealth Builders raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 8.4% in the fourth quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock valued at $20,510,000 after acquiring an additional 79,371 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 5.5% in the fourth quarter. HighTower Advisors LLC now owns 880,016 shares of the company’s stock valued at $17,640,000 after acquiring an additional 46,213 shares during the period.
First Trust Short Duration Managed Municipal ETF Price Performance
Shares of FSMB opened at $20.01 on Tuesday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.85 and a twelve month high of $20.25. The company’s fifty day simple moving average is $19.99 and its 200-day simple moving average is $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.
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