First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Stake Increased by EnRich Financial Partners LLC

EnRich Financial Partners LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 341,099 shares of the company’s stock after acquiring an additional 37,099 shares during the period. First Trust Short Duration Managed Municipal ETF comprises approximately 2.3% of EnRich Financial Partners LLC’s holdings, making the stock its 14th largest holding. EnRich Financial Partners LLC owned about 1.64% of First Trust Short Duration Managed Municipal ETF worth $6,767,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at $31,027,000. LPL Financial LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 11.8% in the fourth quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock worth $26,157,000 after buying an additional 138,848 shares during the period. PFS Partners LLC raised its position in First Trust Short Duration Managed Municipal ETF by 17.3% during the fourth quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock valued at $14,937,000 after buying an additional 111,034 shares during the period. HighTower Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 732,127 shares of the company’s stock valued at $14,525,000 after buying an additional 5,450 shares during the period. Finally, RMR Wealth Builders raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.9% during the 4th quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock worth $14,131,000 after purchasing an additional 6,133 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock opened at $19.58 on Thursday. The firm has a 50 day moving average of $19.90 and a two-hundred day moving average of $19.92. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.47 and a 12 month 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.