HighTower Advisors LLC Acquires 5,450 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

HighTower Advisors LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 732,127 shares of the company’s stock after acquiring an additional 5,450 shares during the quarter. HighTower Advisors LLC owned 3.51% of First Trust Short Duration Managed Municipal ETF worth $14,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in First Trust Short Duration Managed Municipal ETF by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock worth $3,523,000 after acquiring an additional 11,210 shares during the last quarter. Truist Financial Corp boosted its holdings in First Trust Short Duration Managed Municipal ETF by 177.7% during the 4th quarter. Truist Financial Corp now owns 64,776 shares of the company’s stock worth $1,285,000 after acquiring an additional 41,448 shares during the last quarter. Atria Investments Inc purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $274,000. Hedeker Wealth LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $1,059,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock worth $1,773,000 after buying an additional 700 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $19.93 on Monday. The company’s 50-day moving average is $19.91 and its 200 day moving average is $19.94. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.65 and a fifty-two week high of $20.11.

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.