Fifth Third Bancorp Buys New Shares in First Trust Short Duration Managed Municipal ETF $FSMB

Fifth Third Bancorp bought a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 86,917 shares of the company’s stock, valued at approximately $1,735,000.

A number of other large investors have also bought and sold shares of the stock. Arbor Capital Management Inc. ADV increased its stake in First Trust Short Duration Managed Municipal ETF by 75.1% in the first quarter. Arbor Capital Management Inc. ADV now owns 69,644 shares of the company’s stock valued at $1,393,000 after purchasing an additional 29,869 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 19.7% during the first quarter. Kestra Advisory Services LLC now owns 111,182 shares of the company’s stock valued at $2,219,000 after purchasing an additional 18,277 shares during the period. Capital Financial Group Inc. Co. ADV boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 1.6% during the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 30,900 shares of the company’s stock worth $617,000 after purchasing an additional 500 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 3.1% during the 1st quarter. Private Advisor Group LLC now owns 45,205 shares of the company’s stock worth $902,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 28.5% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 87,828 shares of the company’s stock valued at $1,753,000 after buying an additional 19,453 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1%

Shares of NYSEARCA:FSMB opened at $19.89 on Thursday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.87 and a twelve month high of $20.25. The stock’s 50 day moving average is $19.99 and its 200-day moving average is $20.05.

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.