LPL Financial LLC Grows Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

LPL Financial LLC lifted its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,318,387 shares of the company’s stock after buying an additional 138,848 shares during the period. LPL Financial LLC owned approximately 6.32% of First Trust Short Duration Managed Municipal ETF worth $26,157,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth approximately $34,000. Creative Financial Designs Inc. ADV lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 490.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,679 shares of the company’s stock worth $53,000 after purchasing an additional 2,225 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $81,000. Castle Wealth Management LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at $233,000. Finally, Flow Traders U.S. LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth $297,000.

First Trust Short Duration Managed Municipal ETF Trading Up 0.2 %

Shares of FSMB stock opened at $19.85 on Friday. The company’s fifty day moving average price is $19.92 and its two-hundred day moving average price is $19.93. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.65 and a 12 month high of $20.11.

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.