Tcfg Wealth Management LLC Grows Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Tcfg Wealth Management LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,465 shares of the company’s stock after purchasing an additional 2,138 shares during the quarter. Tcfg Wealth Management LLC owned approximately 0.09% of First Trust Short Duration Managed Municipal ETF worth $366,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Silver Oak Securities Incorporated purchased a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter worth $390,000. Stephens Inc. AR lifted its stake in First Trust Short Duration Managed Municipal ETF by 17.9% in the third quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock worth $2,330,000 after acquiring an additional 17,700 shares during the period. Concurrent Investment Advisors LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 57.0% in the third quarter. Concurrent Investment Advisors LLC now owns 40,716 shares of the company’s stock worth $815,000 after acquiring an additional 14,783 shares during the period. PFS Partners LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 2.3% in the third quarter. PFS Partners LLC now owns 641,826 shares of the company’s stock worth $12,843,000 after acquiring an additional 14,262 shares during the period. Finally, Atria Investments Inc purchased a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter worth $274,000.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1 %

Shares of FSMB stock opened at $19.93 on Friday. The stock has a fifty day moving average of $19.88 and a 200 day moving average of $19.94. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.65 and a 52 week 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.