Insight Inv LLC Grows Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Insight Inv LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 34.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,630 shares of the company’s stock after purchasing an additional 23,975 shares during the quarter. Insight Inv LLC owned about 0.45% of First Trust Short Duration Managed Municipal ETF worth $1,858,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in First Trust Short Duration Managed Municipal ETF by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock worth $3,523,000 after purchasing an additional 11,210 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $274,000. Envestnet Asset Management Inc. grew its stake in First Trust Short Duration Managed Municipal ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,963 shares of the company’s stock valued at $7,888,000 after acquiring an additional 14,752 shares during the last quarter. Summit Wealth Partners LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 9.2% during the 2nd quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock valued at $343,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in First Trust Short Duration Managed Municipal ETF by 0.8% during the third quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock worth $1,773,000 after acquiring an additional 700 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA FSMB opened at $19.86 on Friday. The firm’s 50-day moving average is $19.89 and its two-hundred day moving average is $19.94. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.65 and a 12-month high of $20.11.

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.