73,788 Shares of First Trust Short Duration Managed Municipal ETF $FSMB Bought by Moneco Advisors LLC

Moneco Advisors LLC purchased a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 73,788 shares of the company’s stock, valued at approximately $1,436,000.

A number of other institutional investors also recently made changes to their positions in FSMB. Ashton Thomas Private Wealth LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 49.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 11,698 shares of the company’s stock valued at $228,000 after purchasing an additional 3,852 shares in the last quarter. Principle Wealth Partners LLC increased its position in shares of First Trust Short Duration Managed Municipal ETF by 5.5% during the 3rd quarter. Principle Wealth Partners LLC now owns 244,161 shares of the company’s stock valued at $4,751,000 after purchasing an additional 12,668 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at $16,000,000. MGO One Seven LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 16.4% in the 3rd quarter. MGO One Seven LLC now owns 116,208 shares of the company’s stock worth $2,261,000 after buying an additional 16,352 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth $557,000.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1%

Shares of FSMB stock opened at $19.82 on Thursday. The stock has a 50-day simple moving average of $19.67 and a 200 day simple moving average of $19.93. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.36 and a fifty-two week high of $20.25.

About First Trust Short Duration Managed Municipal ETF

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.