Summit Wealth Partners LLC Acquires 5,496 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Summit Wealth Partners LLC increased its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 31.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,827 shares of the company’s stock after acquiring an additional 5,496 shares during the period. Summit Wealth Partners LLC owned about 0.11% of First Trust Short Duration Managed Municipal ETF worth $453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PFS Partners LLC grew its holdings in First Trust Short Duration Managed Municipal ETF by 17.3% in the fourth quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock worth $14,937,000 after purchasing an additional 111,034 shares during the period. Capital Investment Advisory Services LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 10.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 16,632 shares of the company’s stock valued at $330,000 after purchasing an additional 1,561 shares during the period. Foster Victor Wealth Advisors LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 6.9% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 27,870 shares of the company’s stock valued at $554,000 after purchasing an additional 1,793 shares during the period. Nilsine Partners LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 5.5% in the 4th quarter. Nilsine Partners LLC now owns 252,300 shares of the company’s stock valued at $5,006,000 after acquiring an additional 13,213 shares during the last quarter. Finally, Avaii Wealth Management LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 79.3% in the 4th quarter. Avaii Wealth Management LLC now owns 36,100 shares of the company’s stock worth $716,000 after buying an additional 15,965 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock opened at $19.94 on Thursday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.65 and a 12 month high of $20.11. The company has a 50-day moving average price of $19.89 and a 200 day moving average price of $19.94.

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.