EdgeRock Capital LLC Takes $102,000 Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

EdgeRock Capital LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,111 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA grew its holdings in First Trust Short Duration Managed Municipal ETF by 183.8% during the fourth quarter. Private Trust Co. NA now owns 1,748 shares of the company’s stock worth $35,000 after buying an additional 1,132 shares in the last quarter. NBC Securities Inc. purchased a new position in First Trust Short Duration Managed Municipal ETF in the third quarter worth $77,000. Capital Investment Advisory Services LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 109.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 5,650 shares of the company’s stock worth $113,000 after purchasing an additional 2,950 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in First Trust Short Duration Managed Municipal ETF by 19.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,260 shares of the company’s stock worth $145,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Naples Global Advisors LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the fourth quarter worth $269,000.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1 %

FSMB stock traded up $0.01 during midday trading on Tuesday, hitting $19.79. The company’s stock had a trading volume of 82,376 shares, compared to its average volume of 96,857. The stock’s 50-day moving average price is $19.83 and its 200 day moving average price is $19.79. 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.