Wells Fargo & Company MN Has $4.17 Million Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Wells Fargo & Company MN lifted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210,015 shares of the company’s stock after purchasing an additional 15,494 shares during the period. Wells Fargo & Company MN owned approximately 1.01% of First Trust Short Duration Managed Municipal ETF worth $4,167,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 30.5% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 56,583 shares of the company’s stock valued at $1,132,000 after purchasing an additional 13,219 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Trust Short Duration Managed Municipal ETF by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock valued at $3,523,000 after buying an additional 11,210 shares during the period. RMR Wealth Builders boosted its stake in First Trust Short Duration Managed Municipal ETF by 0.9% in the fourth quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock valued at $14,131,000 after acquiring an additional 6,133 shares during the last quarter. Occidental Asset Management LLC grew its holdings in First Trust Short Duration Managed Municipal ETF by 3.5% during 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 during the period. Finally, TruWealth Advisors LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 0.7% during the 4th quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock valued at $10,864,000 after acquiring an additional 3,729 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock opened at $19.67 on Tuesday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.47 and a twelve month high of $20.11. The business’s fifty day moving average is $19.86 and its 200-day moving average is $19.89.

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.