Avaii Wealth Management LLC Boosts Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Avaii Wealth Management LLC increased its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 79.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,100 shares of the company’s stock after acquiring an additional 15,965 shares during the period. Avaii Wealth Management LLC owned about 0.17% of First Trust Short Duration Managed Municipal ETF worth $716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Insight Inv LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 34.4% in the 4th quarter. Insight Inv LLC now owns 93,630 shares of the company’s stock worth $1,858,000 after purchasing an additional 23,975 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $315,000. Genesis Private Wealth LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $1,060,000. TruWealth Advisors LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 0.7% during the 4th quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock valued at $10,864,000 after acquiring an additional 3,729 shares during the period. Finally, Occidental Asset Management LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.5% during the 4th quarter. Occidental Asset Management LLC now owns 40,136 shares of the company’s stock valued at $796,000 after acquiring an additional 1,350 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB stock opened at $19.86 on Friday. The company has a 50 day moving average price of $19.89 and a 200-day moving average price of $19.94. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.65 and a 52 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.