701,965 Shares in First Trust Short Duration Managed Municipal ETF $FSMB Bought by Waverly Advisors LLC

Waverly Advisors LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 701,965 shares of the company’s stock, valued at approximately $14,032,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Financial Group Inc. Co. ADV grew its position in shares of First Trust Short Duration Managed Municipal ETF by 1.6% in the first quarter. Capital Financial Group Inc. Co. ADV now owns 30,900 shares of the company’s stock valued at $617,000 after purchasing an additional 500 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 1.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,125 shares of the company’s stock worth $802,000 after purchasing an additional 595 shares during the last quarter. US Bancorp DE lifted its stake in First Trust Short Duration Managed Municipal ETF by 29.4% in the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after buying an additional 815 shares in the last quarter. Private Advisor Group LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 3.1% in the 1st quarter. Private Advisor Group LLC now owns 45,205 shares of the company’s stock valued at $902,000 after buying an additional 1,360 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in First Trust Short Duration Managed Municipal ETF by 111.5% in 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 in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1%

FSMB stock opened at $19.84 on Wednesday. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.80 and a 12-month high of $20.25. The business’s 50-day moving average is $19.92 and its 200 day moving average is $19.99.

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.