StoneX Group Inc. lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 23.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,711 shares of the company’s stock after purchasing an additional 7,913 shares during the period. StoneX Group Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $828,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. Tucker Asset Management LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. bought a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth $34,000. Creative Financial Designs Inc. ADV increased its position in shares of First Trust Short Duration Managed Municipal ETF by 490.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,679 shares of the company’s stock valued at $53,000 after acquiring an additional 2,225 shares during the period. Farther Finance Advisors LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at about $81,000. Finally, Castle Wealth Management LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth about $233,000.
First Trust Short Duration Managed Municipal ETF Stock Performance
Shares of NYSEARCA:FSMB opened at $19.90 on Thursday. The stock’s 50-day moving average is $19.92 and its 200 day moving average is $19.93. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.65 and a 1 year high of $20.11.
About First Trust Short Duration Managed Municipal ETF
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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