TrueWealth Financial Partners purchased a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 201,726 shares of the company’s stock, valued at approximately $4,044,000. First Trust Short Duration Managed Municipal ETF comprises approximately 3.3% of TrueWealth Financial Partners’ portfolio, making the stock its 8th largest position. TrueWealth Financial Partners owned 0.75% of First Trust Short Duration Managed Municipal ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Elequin Capital LP lifted its position in First Trust Short Duration Managed Municipal ETF by 119.8% during the third quarter. Elequin Capital LP now owns 52,583 shares of the company’s stock worth $1,056,000 after buying an additional 28,655 shares in the last quarter. RMR Wealth Builders lifted its position in First Trust Short Duration Managed Municipal ETF by 9.5% during the third quarter. RMR Wealth Builders now owns 943,851 shares of the company’s stock worth $18,953,000 after buying an additional 81,683 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the third quarter worth approximately $1,437,000. Pursuit Wealth Management LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $2,170,000. Finally, Sigma Planning Corp purchased a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $632,000.
First Trust Short Duration Managed Municipal ETF Trading Down 0.1%
Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.98 on Thursday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.74 and a one year high of $20.25. The business’s 50 day moving average price is $20.03 and its 200 day moving average price is $20.07.
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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.
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