Trust Co. of Oklahoma purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 33,343 shares of the company’s stock, valued at approximately $649,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 800.7% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after buying an additional 2,370 shares during the period. EdgeRock Capital LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the first quarter worth approximately $211,000. Financial Enhancement Group LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter worth approximately $224,000. CoreCap Advisors LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 31.5% in the second quarter. CoreCap Advisors LLC now owns 12,017 shares of the company’s stock worth $240,000 after buying an additional 2,876 shares during the period. Finally, Brookstone Capital Management bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 1st quarter worth approximately $243,000.
First Trust Short Duration Managed Municipal ETF Price Performance
Shares of FSMB stock traded up $0.06 on Thursday, reaching $19.61. 70,346 shares of the company’s stock were exchanged, compared to its average volume of 167,626. The company’s fifty day simple moving average is $19.74 and its 200 day simple moving average is $19.89. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.36 and a 52 week high of $20.25.
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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.
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Want to see what other hedge funds are holding FSMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report).
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