First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Acquired by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC boosted its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,632 shares of the company’s stock after purchasing an additional 1,561 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSMB. First Horizon Advisors Inc. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at $219,000. Atria Investments Inc acquired a new position in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $274,000. Flow Traders U.S. LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $297,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth approximately $315,000. Finally, Silver Oak Securities Incorporated bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at approximately $390,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $19.91 on Friday. The stock’s 50 day moving average price is $19.89 and its 200 day moving average price 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.

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.