First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 339,410 shares changed hands during mid-day trading, an increase of 140% from the previous session’s volume of 141,222 shares.The stock last traded at $19.94 and had previously closed at $19.93.
First Trust Short Duration Managed Municipal ETF Stock Performance
The firm has a 50-day moving average price of $19.96 and a two-hundred day moving average price of $20.03.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $32,000. Legacy Wealth Managment LLC ID grew its stake in First Trust Short Duration Managed Municipal ETF by 800.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock worth $53,000 after acquiring an additional 2,370 shares in the last quarter. Hazlett Burt & Watson Inc. grew 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 worth $55,000 after acquiring an additional 1,450 shares in the last quarter. US Bancorp DE increased its position in shares of 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 acquiring an additional 815 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $82,000.
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.
Further Reading
- Five stocks we like better than First Trust Short Duration Managed Municipal ETF
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
- Why Lowe’s Could Be a Bargain Before Housing Recovers
- Okta’s AI Tailwind Could Put This Forgotten Software Stock Back in Play
Receive News & Ratings for First Trust Short Duration Managed Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Short Duration Managed Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.
