First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Bought by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 19.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,433 shares of the company’s stock after purchasing an additional 1,205 shares during the period. Pinnacle Bancorp Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. RFG Advisory LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 11.2% in the fourth quarter. RFG Advisory LLC now owns 34,928 shares of the company’s stock valued at $697,000 after buying an additional 3,529 shares during the last quarter. Eldridge Investment Advisors Inc. increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 58.3% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 101,336 shares of the company’s stock worth $2,022,000 after acquiring an additional 37,315 shares during the period. Condor Capital Management increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 2.7% in the fourth quarter. Condor Capital Management now owns 191,317 shares of the company’s stock worth $3,817,000 after acquiring an additional 5,013 shares during the period. Hobart Private Capital LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 19.3% during the first quarter. Hobart Private Capital LLC now owns 35,428 shares of the company’s stock worth $703,000 after purchasing an additional 5,737 shares during the last quarter. Finally, PFS Partners LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 37,684.8% during the fourth quarter. PFS Partners LLC now owns 567,527 shares of the company’s stock valued at $11,322,000 after purchasing an additional 566,025 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

NYSEARCA:FSMB traded up $0.03 during mid-day trading on Friday, hitting $19.77. The company’s stock had a trading volume of 99,601 shares, compared to its average volume of 94,685. The business’s fifty day moving average is $19.76 and its two-hundred day moving average is $19.84. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.31 and a 1 year high of $19.97.

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.