Nilsine Partners LLC Raises Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Nilsine Partners LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 252,300 shares of the company’s stock after buying an additional 13,213 shares during the quarter. Nilsine Partners LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $5,006,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. First Horizon Advisors Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth approximately $219,000. Atria Investments Inc bought a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter worth $274,000. Flow Traders U.S. LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter worth $297,000. Dynamic Advisor Solutions LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at $315,000. Finally, Summit Wealth Partners LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 9.2% during the second quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock valued at $343,000 after acquiring an additional 1,464 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.2 %

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.90 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.65 and a 1 year high of $20.11. The firm’s 50-day moving average is $19.89 and its 200 day moving average is $19.94.

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.