Genesis Private Wealth LLC Acquires New Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Genesis Private Wealth LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the 4th quarter, Holdings Channel.com reports. The firm acquired 53,424 shares of the company’s stock, valued at approximately $1,060,000.

Several other large investors have also bought and sold shares of FSMB. HighTower Advisors LLC raised its holdings in First Trust Short Duration Managed Municipal ETF by 2.5% in the third quarter. HighTower Advisors LLC now owns 726,677 shares of the company’s stock worth $14,536,000 after purchasing an additional 17,431 shares during the period. RMR Wealth Builders raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.9% during the fourth quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock worth $14,131,000 after acquiring an additional 6,133 shares during the period. PFS Partners LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 2.3% during the third quarter. PFS Partners LLC now owns 641,826 shares of the company’s stock worth $12,843,000 after acquiring an additional 14,262 shares during the period. TruWealth Advisors LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.7% during the fourth quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock worth $10,864,000 after acquiring an additional 3,729 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.8% during the second quarter. Envestnet Asset Management Inc. now owns 398,963 shares of the company’s stock worth $7,888,000 after acquiring an additional 14,752 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of NYSEARCA:FSMB opened at $19.90 on Wednesday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.65 and a 12 month high of $20.11. The company’s fifty day simple moving average is $19.90 and its 200 day simple moving average is $19.94.

First Trust Short Duration Managed Municipal ETF 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.