Sowell Financial Services LLC purchased a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 116,365 shares of the company’s stock, valued at approximately $2,309,000.
Several other large investors also recently bought and sold shares of FSMB. Raymond James Financial Inc. bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter worth about $31,027,000. PFS Partners LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 17.3% in the 4th quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock valued at $14,937,000 after purchasing an additional 111,034 shares during the last quarter. Genesis Private Wealth LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at approximately $1,060,000. Hedeker Wealth LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth approximately $1,059,000. Finally, Truist Financial Corp increased its holdings in First Trust Short Duration Managed Municipal ETF by 177.7% in the 4th quarter. Truist Financial Corp now owns 64,776 shares of the company’s stock worth $1,285,000 after buying an additional 41,448 shares during the period.
First Trust Short Duration Managed Municipal ETF Stock Down 0.1 %
Shares of NYSEARCA FSMB opened at $19.93 on Monday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.65 and a 12 month high of $20.11. The firm’s 50 day simple moving average is $19.90 and its 200-day simple moving average is $19.94.
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.
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