Arbor Capital Management Inc. ADV Raises Stock Holdings in First Trust Short Duration Managed Municipal ETF $FSMB

Arbor Capital Management Inc. ADV raised its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 75.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,644 shares of the company’s stock after purchasing an additional 29,869 shares during the quarter. Arbor Capital Management Inc. ADV’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,393,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at approximately $32,000. Hazlett Burt & Watson Inc. boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 111.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after buying an additional 1,450 shares during the last quarter. US Bancorp DE grew its position in shares of 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 worth $72,000 after buying an additional 815 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $82,000. Finally, CoreCap Advisors LLC increased its stake 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 worth $135,000 after buying an additional 4,817 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of NYSEARCA:FSMB opened at $20.00 on Friday. The company has a fifty day simple moving average of $19.99 and a 200 day simple moving average of $20.05. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.85 and a 12-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.