Arbor Capital Management Inc. ADV Purchases 1,001 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Arbor Capital Management Inc. ADV boosted its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,427 shares of the company’s stock after purchasing an additional 1,001 shares during the period. Arbor Capital Management Inc. ADV’s holdings in First Trust Short Duration Managed Municipal ETF were worth $705,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in First Trust Short Duration Managed Municipal ETF by 0.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock valued at $1,773,000 after purchasing an additional 700 shares during the last quarter. Occidental Asset Management LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 3.5% in the 4th quarter. Occidental Asset Management LLC now owns 40,136 shares of the company’s stock worth $796,000 after acquiring an additional 1,350 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 10.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 16,632 shares of the company’s stock worth $330,000 after acquiring an additional 1,561 shares in the last quarter. Farmers & Merchants Investments Inc. bought a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $34,000. Finally, Foster Victor Wealth Advisors LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 6.9% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 27,870 shares of the company’s stock worth $554,000 after acquiring an additional 1,793 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB stock opened at $19.93 on Monday. The company’s 50-day simple moving average is $19.91 and its two-hundred day simple moving average is $19.94. First Trust Short Duration Managed Municipal ETF has a one year low of $19.65 and a one year high of $20.11.

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.