Fifth Third Bancorp Invests $1.74 Million in First Trust Short Duration Managed Municipal ETF $FSMB

Fifth Third Bancorp bought a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 86,917 shares of the company’s stock, valued at approximately $1,735,000. Fifth Third Bancorp owned 0.29% of First Trust Short Duration Managed Municipal ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arbor Capital Management Inc. ADV boosted its position in First Trust Short Duration Managed Municipal ETF by 75.1% during the first quarter. Arbor Capital Management Inc. ADV now owns 69,644 shares of the company’s stock valued at $1,393,000 after acquiring an additional 29,869 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in First Trust Short Duration Managed Municipal ETF by 19.7% during the 1st quarter. Kestra Advisory Services LLC now owns 111,182 shares of the company’s stock worth $2,219,000 after acquiring an additional 18,277 shares during the period. Capital Financial Group Inc. Co. ADV raised its position in shares of First Trust Short Duration Managed Municipal ETF by 1.6% in the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 30,900 shares of the company’s stock worth $617,000 after acquiring an additional 500 shares in the last quarter. Private Advisor Group LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the 1st quarter. Private Advisor Group LLC now owns 45,205 shares of the company’s stock worth $902,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 28.5% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 87,828 shares of the company’s stock valued at $1,753,000 after purchasing an additional 19,453 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $19.89 on Thursday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.87 and a 1 year high of $20.25. The business’s 50-day moving average is $19.99 and its 200-day moving average is $20.05.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.