RMR Wealth Builders Grows Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

RMR Wealth Builders increased its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 712,254 shares of the company’s stock after purchasing an additional 6,133 shares during the period. First Trust Short Duration Managed Municipal ETF accounts for approximately 1.5% of RMR Wealth Builders’ investment portfolio, making the stock its 17th biggest position. RMR Wealth Builders owned approximately 3.42% of First Trust Short Duration Managed Municipal ETF worth $14,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSMB. Core Wealth Partners LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 143.1% in the third quarter. Core Wealth Partners LLC now owns 58,857 shares of the company’s stock valued at $1,178,000 after purchasing an additional 34,642 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at approximately $644,000. Stifel Financial Corp lifted its holdings in First Trust Short Duration Managed Municipal ETF by 12.1% in the third quarter. Stifel Financial Corp now owns 245,600 shares of the company’s stock valued at $4,914,000 after acquiring an additional 26,544 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust Short Duration Managed Municipal ETF by 9.1% in the second quarter. Cetera Investment Advisers now owns 245,656 shares of the company’s stock worth $4,857,000 after acquiring an additional 20,578 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new stake in First Trust Short Duration Managed Municipal ETF during the third quarter worth $390,000.

First Trust Short Duration Managed Municipal ETF Stock Down 0.2 %

NYSEARCA FSMB traded down $0.03 on Friday, reaching $19.83. The stock had a trading volume of 106,146 shares, compared to its average volume of 161,524. The stock has a fifty day moving average price of $19.91 and a two-hundred day moving average price of $19.93. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.65 and a 12-month high of $20.11.

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.