First Trust Short Duration Managed Municipal ETF $FSMB Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 531,145 shares of the company’s stock after acquiring an additional 43,529 shares during the period. NewEdge Advisors LLC owned about 1.80% of First Trust Short Duration Managed Municipal ETF worth $10,602,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital Financial Group Inc. Co. ADV increased its position in shares of First Trust Short Duration Managed Municipal ETF by 1.6% during the first 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. Capital Investment Advisory Services LLC increased its position in First Trust Short Duration Managed Municipal ETF by 3.2% during the fourth quarter. Capital Investment Advisory Services LLC now owns 19,729 shares of the company’s stock worth $395,000 after buying an additional 612 shares during the period. US Bancorp DE increased its position in First Trust Short Duration Managed Municipal ETF by 29.4% during the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after buying an additional 815 shares during the period. Private Advisor Group LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 3.1% in the first 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 during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in First Trust Short Duration Managed Municipal ETF by 111.5% in the fourth 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 during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB opened at $19.96 on Monday. The company’s 50 day simple moving average is $19.97 and its 200-day simple moving average is $20.03. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.80 and a 12-month high of $20.25.

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.