48,635 Shares in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Acquired by Naviter Wealth LLC

Naviter Wealth LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the 1st quarter, Holdings Channel.com reports. The firm acquired 48,635 shares of the company’s stock, valued at approximately $965,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. RFG Advisory LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 11.2% during the 4th quarter. RFG Advisory LLC now owns 34,928 shares of the company’s stock valued at $697,000 after purchasing an additional 3,529 shares in the last quarter. Eldridge Investment Advisors Inc. grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 58.3% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 101,336 shares of the company’s stock valued at $2,022,000 after acquiring an additional 37,315 shares in the last quarter. Condor Capital Management raised its holdings in First Trust Short Duration Managed Municipal ETF by 2.7% during the fourth quarter. Condor Capital Management now owns 191,317 shares of the company’s stock worth $3,817,000 after acquiring an additional 5,013 shares in the last quarter. Hobart Private Capital LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 19.3% during the first quarter. Hobart Private Capital LLC now owns 35,428 shares of the company’s stock valued at $703,000 after purchasing an additional 5,737 shares during the last quarter. Finally, PFS Partners LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 37,684.8% in the fourth quarter. PFS Partners LLC now owns 567,527 shares of the company’s stock valued at $11,322,000 after purchasing an additional 566,025 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

NYSEARCA FSMB opened at $19.75 on Wednesday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.31 and a 12 month high of $19.97. The stock has a 50 day moving average of $19.76 and a 200-day moving average of $19.84.

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.