Creekmur Asset Management LLC Invests $35,000 in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Creekmur Asset Management LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,750 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 183.8% during the 4th quarter. Private Trust Co. NA now owns 1,748 shares of the company’s stock worth $35,000 after purchasing an additional 1,132 shares during the period. EdgeRock Capital LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter worth $102,000. Capital Investment Advisory Services LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 109.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 5,650 shares of the company’s stock worth $113,000 after purchasing an additional 2,950 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 19.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,260 shares of the company’s stock worth $145,000 after purchasing an additional 1,205 shares during the period. Finally, Rooted Wealth Advisors Inc. acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $199,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA FSMB opened at $19.82 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.31 and a 52 week high of $19.97. The company’s 50-day moving average price is $19.76 and its 200 day moving average price is $19.84.

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.