Tucker Asset Management LLC Purchases New Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Tucker Asset Management LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,558 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at about $31,027,000. LPL Financial LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 11.8% during the 4th quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock worth $26,157,000 after acquiring an additional 138,848 shares in the last quarter. PFS Partners LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 17.3% in the fourth quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock valued at $14,937,000 after purchasing an additional 111,034 shares during the period. HighTower Advisors LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 0.7% during the 4th quarter. HighTower Advisors LLC now owns 732,127 shares of the company’s stock worth $14,525,000 after acquiring an additional 5,450 shares during the last quarter. Finally, RMR Wealth Builders grew its holdings in First Trust Short Duration Managed Municipal ETF by 0.9% in the 4th quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock valued at $14,131,000 after buying an additional 6,133 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.85 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.65 and a 52-week high of $20.11. The company’s fifty day moving average price is $19.92 and its two-hundred day moving average price is $19.93.

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.