MML Investors Services LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 6.5% in the third quarter, HoldingsChannel.com reports. The fund owned 224,749 shares of the company’s stock after acquiring an additional 13,690 shares during the quarter. MML Investors Services LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $4,497,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the 2nd quarter valued at $77,000. EdgeRock Capital LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 2nd quarter worth about $91,000. First Horizon Advisors Inc. bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $219,000. Rooted Wealth Advisors Inc. grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 16.2% in the 2nd quarter. Rooted Wealth Advisors Inc. now owns 11,713 shares of the company’s stock valued at $233,000 after buying an additional 1,637 shares during the period. Finally, Atria Investments Inc bought a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $274,000.
First Trust Short Duration Managed Municipal ETF Trading Down 0.2 %
Shares of NYSEARCA:FSMB opened at $19.90 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.65 and a 52-week high of $20.11. The business’s 50 day simple moving average is $19.95 and its two-hundred day simple moving average is $19.92.
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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Want to see what other hedge funds are holding FSMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report).
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