Wells Fargo & Company MN Has $4.17 Million Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Wells Fargo & Company MN grew its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 210,015 shares of the company’s stock after acquiring an additional 15,494 shares during the period. Wells Fargo & Company MN’s holdings in First Trust Short Duration Managed Municipal ETF were worth $4,167,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth $31,027,000. LPL Financial LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 11.8% during the 4th quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock worth $26,157,000 after purchasing an additional 138,848 shares in the last quarter. PFS Partners LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 17.3% in the 4th quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock valued at $14,937,000 after purchasing an additional 111,034 shares during the period. HighTower Advisors LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 732,127 shares of the company’s stock valued at $14,525,000 after purchasing an additional 5,450 shares in the last quarter. Finally, RMR Wealth Builders boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 0.9% during the fourth quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock worth $14,131,000 after buying an additional 6,133 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 $19.67 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.47 and a 52-week high of $20.11. The business’s 50 day simple moving average is $19.86 and its 200 day simple moving average is $19.89.

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.