Cetera Investment Advisers Raises Stake in First Trust Short Duration Managed Municipal ETF $FSMB

Cetera Investment Advisers boosted its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 157.3% in the 1st quarter, Holdings Channel reports. The firm owned 551,996 shares of the company’s stock after acquiring an additional 337,466 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust Short Duration Managed Municipal ETF were worth $11,018,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. TrueWealth Financial Partners bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at approximately $4,044,000. Pursuit Wealth Management LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $2,170,000. MGO One Seven LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $1,772,000. Fifth Third Bancorp purchased a new stake in First Trust Short Duration Managed Municipal ETF in the 1st quarter worth approximately $1,735,000. Finally, RMR Wealth Builders lifted its stake in First Trust Short Duration Managed Municipal ETF by 8.4% in the 4th quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock worth $20,510,000 after purchasing an additional 79,371 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $19.88 on Friday. The firm has a fifty day moving average price of $19.98 and a two-hundred day moving average price of $20.04. First Trust Short Duration Managed Municipal ETF has a one year low of $19.80 and a one year high of $20.25.

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