Francis Financial Inc. Acquires Shares of 40,113 First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Francis Financial Inc. acquired a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 40,113 shares of the company’s stock, valued at approximately $800,000. First Trust Short Duration Managed Municipal ETF comprises 0.3% of Francis Financial Inc.’s holdings, making the stock its 25th biggest position. Francis Financial Inc. owned approximately 0.19% of First Trust Short Duration Managed Municipal ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the first quarter worth $36,000. JPMorgan Chase & Co. acquired a new stake in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $47,000. NBC Securities Inc. purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $77,000. Coppell Advisory Solutions LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the second quarter worth approximately $106,000. Finally, Pinnacle Bancorp Inc. increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 92.9% during the third quarter. Pinnacle Bancorp Inc. now owns 6,228 shares of the company’s stock worth $121,000 after buying an additional 3,000 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA FSMB opened at $19.84 on Friday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.31 and a twelve month high of $20.05. The stock has a fifty day simple moving average of $19.88 and a 200 day simple moving average of $19.73.

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.