First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 200.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,828 shares of the company’s stock after acquiring an additional 31,935 shares during the period. Dynamic Advisor Solutions LLC owned approximately 0.21% of First Trust Short Duration Managed Municipal ETF worth $950,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Avaii Wealth Management LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 15.6% in the 1st quarter. Avaii Wealth Management LLC now owns 41,735 shares of the company’s stock valued at $829,000 after buying an additional 5,635 shares in the last quarter. RMR Wealth Builders lifted its stake in First Trust Short Duration Managed Municipal ETF by 14.1% in the 1st quarter. RMR Wealth Builders now owns 813,010 shares of the company’s stock valued at $16,154,000 after buying an additional 100,756 shares in the last quarter. Simplicity Wealth LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the 1st quarter valued at about $282,000. TruWealth Advisors LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 8.0% in the 1st quarter. TruWealth Advisors LLC now owns 591,128 shares of the company’s stock valued at $11,746,000 after buying an additional 43,566 shares in the last quarter. Finally, RFG Advisory LLC increased its position in shares of First Trust Short Duration Managed Municipal ETF by 26.6% during the first quarter. RFG Advisory LLC now owns 41,876 shares of the company’s stock worth $832,000 after purchasing an additional 8,788 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

NYSEARCA FSMB opened at $19.90 on Wednesday. The business has a fifty day moving average price of $19.77 and a 200 day moving average price of $19.85. First Trust Short Duration Managed Municipal ETF has a one year low of $19.47 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.