Farther Finance Advisors LLC Purchases 1,180 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Farther Finance Advisors LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 29.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,154 shares of the company’s stock after buying an additional 1,180 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $103,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of FSMB. NBC Securities Inc. raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 113,380.0% in the 1st quarter. NBC Securities Inc. now owns 5,674 shares of the company’s stock worth $112,000 after purchasing an additional 5,669 shares during the period. Private Trust Co. NA grew its position in shares of First Trust Short Duration Managed Municipal ETF by 1,455.4% during the 1st quarter. Private Trust Co. NA now owns 9,581 shares of the company’s stock valued at $190,000 after purchasing an additional 8,965 shares in the last quarter. Capital Analysts LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 15.8% during the 1st quarter. Capital Analysts LLC now owns 10,935 shares of the company’s stock valued at $217,000 after purchasing an additional 1,496 shares in the last quarter. AE Wealth Management LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 271.6% during the 1st quarter. AE Wealth Management LLC now owns 11,910 shares of the company’s stock valued at $237,000 after purchasing an additional 8,705 shares in the last quarter. Finally, Alpha Cubed Investments LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the first quarter worth $270,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $20.08 on Friday. The company has a 50-day moving average price of $20.05 and a 200-day moving average price of $19.90. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.47 and a 12 month high of $20.21.

First Trust Short Duration Managed Municipal ETF 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.