Francis Financial Inc. Boosts Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Francis Financial Inc. increased its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,332 shares of the company’s stock after buying an additional 3,219 shares during the period. Francis Financial Inc. owned 0.20% of First Trust Short Duration Managed Municipal ETF worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in First Trust Short Duration Managed Municipal ETF by 0.6% during the 3rd quarter. Stifel Financial Corp now owns 140,362 shares of the company’s stock valued at $2,721,000 after purchasing an additional 868 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 5.6% during the 3rd quarter. Harbour Investments Inc. now owns 17,784 shares of the company’s stock valued at $345,000 after buying an additional 941 shares during the period. Panoramic Investment Advisors LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at $382,000. TruWealth Advisors LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.9% during the 4th quarter. TruWealth Advisors LLC now owns 522,342 shares of the company’s stock valued at $10,421,000 after buying an additional 19,610 shares during the period. Finally, Advisory Resource Group lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.6% during the 4th quarter. Advisory Resource Group now owns 98,460 shares of the company’s stock valued at $1,964,000 after buying an additional 610 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

NYSEARCA FSMB opened at $19.77 on Monday. The business’s fifty day moving average price is $19.76 and its 200-day moving average price is $19.84. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.31 and a 1-year high of $19.97.

About First Trust Short Duration Managed Municipal ETF

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.