28,627 Shares in First Trust Short Duration Managed Municipal ETF $FSMB Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. bought a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the third quarter, Holdings Channel reports. The institutional investor bought 28,627 shares of the company’s stock, valued at approximately $557,000.

Other hedge funds also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 800.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after buying an additional 2,370 shares in the last quarter. Financial Enhancement Group LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $224,000. CoreCap Advisors LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF by 31.5% in the second quarter. CoreCap Advisors LLC now owns 12,017 shares of the company’s stock valued at $240,000 after purchasing an additional 2,876 shares during the period. Integrated Wealth Concepts LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the 2nd quarter valued at about $252,000. Finally, Sowell Financial Services LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the third quarter worth $290,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

First Trust Short Duration Managed Municipal ETF stock opened at $19.85 on Friday. The business has a 50-day moving average of $19.68 and a 200-day moving average of $19.94. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.36 and a 1 year high of $20.25.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.