Commonwealth Equity Services LLC Increases Stake in First Trust Short Duration Managed Municipal ETF $FSMB

Commonwealth Equity Services LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 62.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,110 shares of the company’s stock after buying an additional 76,219 shares during the quarter. Commonwealth Equity Services LLC owned about 0.74% of First Trust Short Duration Managed Municipal ETF worth $3,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at about $32,000. Hazlett Burt & Watson Inc. increased its position in shares of First Trust Short Duration Managed Municipal ETF by 111.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after buying an additional 1,450 shares during the period. US Bancorp DE increased its position in shares of First Trust Short Duration Managed Municipal ETF by 29.4% during the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after buying an additional 815 shares during the period. Tucker Asset Management LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at about $82,000. Finally, CoreCap Advisors LLC increased its position in shares of First Trust Short Duration Managed Municipal ETF by 248.2% during the fourth quarter. CoreCap Advisors LLC now owns 6,758 shares of the company’s stock valued at $135,000 after buying an additional 4,817 shares during the period.

First Trust Short Duration Managed Municipal ETF Trading Up 0.1%

Shares of NYSEARCA FSMB opened at $20.01 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.84 and a 1 year high of $20.25. The company’s 50-day moving average is $19.99 and its 200 day moving average is $20.06.

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