15,893 Shares in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC bought a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,893 shares of the company’s stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. bought a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $219,000. Atria Investments Inc bought a new position in First Trust Short Duration Managed Municipal ETF during the third quarter worth about $274,000. Flow Traders U.S. LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the third quarter worth about $297,000. Summit Wealth Partners LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 9.2% in the second quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock valued at $343,000 after purchasing an additional 1,464 shares during the period. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at approximately $390,000.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB opened at $19.90 on Wednesday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.65 and a 12 month high of $20.11. The company has a 50 day moving average of $19.89 and a 200 day moving average of $19.94.

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.