Farmers & Merchants Investments Inc. Takes Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,733 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently bought and sold shares of FSMB. Occidental Asset Management LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 2.0% during the 3rd quarter. Occidental Asset Management LLC now owns 38,786 shares of the company’s stock worth $776,000 after acquiring an additional 750 shares during the period. Avaii Wealth Management LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 63.0% during the 3rd quarter. Avaii Wealth Management LLC now owns 20,135 shares of the company’s stock valued at $403,000 after purchasing an additional 7,780 shares in the last quarter. TruWealth Advisors LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 1.8% in the third quarter. TruWealth Advisors LLC now owns 543,833 shares of the company’s stock worth $10,882,000 after purchasing an additional 9,720 shares during the period. Silver Oak Securities Incorporated purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter worth $390,000. Finally, Stephens Inc. AR boosted its stake in First Trust Short Duration Managed Municipal ETF by 17.9% during the third quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock valued at $2,330,000 after buying an additional 17,700 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

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

First Trust Short Duration Managed Municipal ETF Company 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.