Creative Financial Designs Inc. ADV Boosts Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Creative Financial Designs Inc. ADV grew its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 490.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,679 shares of the company’s stock after acquiring an additional 2,225 shares during the period. Creative Financial Designs Inc. ADV’s holdings in First Trust Short Duration Managed Municipal ETF were worth $53,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 13.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 97,963 shares of the company’s stock worth $1,944,000 after acquiring an additional 11,697 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 7.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 101,216 shares of the company’s stock worth $2,008,000 after acquiring an additional 7,445 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $81,000. HighTower Advisors LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 732,127 shares of the company’s stock worth $14,525,000 after buying an additional 5,450 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth approximately $1,745,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

First Trust Short Duration Managed Municipal ETF stock opened at $19.94 on Friday. The stock’s 50 day moving average is $19.92 and its 200 day 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.