First Trust Short Duration Managed Municipal ETF $FSMB Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 102.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,040 shares of the company’s stock after purchasing an additional 118,592 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $4,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSMB. Pursuit Wealth Management LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $2,170,000. RMR Wealth Builders raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 8.4% during the fourth quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock valued at $20,510,000 after acquiring an additional 79,371 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 62.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 199,110 shares of the company’s stock valued at $3,991,000 after acquiring an additional 76,219 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the first quarter valued at approximately $1,735,000. Finally, HighTower Advisors LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 5.5% in the fourth quarter. HighTower Advisors LLC now owns 880,016 shares of the company’s stock worth $17,640,000 after acquiring an additional 46,213 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Up 0.2%

Shares of NYSEARCA:FSMB opened at $19.88 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.80 and a 1 year high of $20.25. The business’s 50 day moving average price is $19.98 and its 200-day moving average price is $20.05.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.