MGO One Seven LLC Makes New $1.77 Million Investment in First Trust Short Duration Managed Municipal ETF $FSMB

MGO One Seven LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 88,418 shares of the company’s stock, valued at approximately $1,772,000. MGO One Seven LLC owned about 0.33% of First Trust Short Duration Managed Municipal ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its stake in First Trust Short Duration Managed Municipal ETF by 3.1% during the second quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock worth $34,873,000 after acquiring an additional 53,489 shares during the last quarter. RMR Wealth Builders boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 8.4% in the fourth quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock worth $20,510,000 after buying an additional 79,371 shares during the period. UBS Group AG boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 0.8% in the fourth quarter. UBS Group AG now owns 685,880 shares of the company’s stock worth $13,748,000 after buying an additional 5,687 shares during the period. Royal Bank of Canada boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock worth $8,445,000 after buying an additional 15,155 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 12.8% in the second quarter. NewEdge Advisors LLC now owns 417,780 shares of the company’s stock worth $8,316,000 after buying an additional 47,538 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Down 0.0%

Shares of NYSEARCA FSMB opened at $20.00 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.74 and a 1-year high of $20.25. The business has a 50-day moving average of $20.04 and a 200-day moving average of $20.07.

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.