NBC Securities Inc. Raises Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

NBC Securities Inc. lifted its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 113,380.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,674 shares of the company’s stock after buying an additional 5,669 shares during the quarter. NBC Securities Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $112,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $31,027,000. LPL Financial LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 11.8% in the 4th quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock valued at $26,157,000 after acquiring an additional 138,848 shares during the period. Sowell Financial Services LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $2,309,000. Independent Advisor Alliance acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $1,745,000. Finally, Truist Financial Corp increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 177.7% in the 4th quarter. Truist Financial Corp now owns 64,776 shares of the company’s stock valued at $1,285,000 after acquiring an additional 41,448 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.86 on Wednesday. The firm’s fifty day simple moving average is $19.75 and its 200-day simple moving average is $19.85. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.47 and a 12 month 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.