RMR Wealth Builders Acquires 86,600 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

RMR Wealth Builders grew its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 22.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 479,355 shares of the company’s stock after buying an additional 86,600 shares during the period. First Trust Short Duration Managed Municipal ETF accounts for approximately 1.3% of RMR Wealth Builders’ holdings, making the stock its 16th biggest position. RMR Wealth Builders’ holdings in First Trust Short Duration Managed Municipal ETF were worth $9,563,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. RFG Advisory LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 11.2% during the 4th quarter. RFG Advisory LLC now owns 34,928 shares of the company’s stock valued at $697,000 after buying an additional 3,529 shares in the last quarter. Eldridge Investment Advisors Inc. boosted its stake in First Trust Short Duration Managed Municipal ETF by 58.3% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 101,336 shares of the company’s stock worth $2,022,000 after purchasing an additional 37,315 shares in the last quarter. UBS Group AG boosted its stake in First Trust Short Duration Managed Municipal ETF by 2.6% in the 3rd quarter. UBS Group AG now owns 349,186 shares of the company’s stock worth $6,769,000 after purchasing an additional 8,903 shares in the last quarter. NBC Securities Inc. bought a new position in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $77,000. Finally, Advisory Resource Group boosted its stake in First Trust Short Duration Managed Municipal ETF by 0.6% in the 4th quarter. Advisory Resource Group now owns 98,460 shares of the company’s stock worth $1,964,000 after purchasing an additional 610 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.1 %

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.81 on Thursday. The firm’s 50-day moving average is $19.83 and its 200 day moving average is $19.79. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.31 and a 1 year high of $19.97.

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.