Summit Wealth Partners LLC Has $343,000 Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Summit Wealth Partners LLC increased its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,331 shares of the company’s stock after purchasing an additional 1,464 shares during the period. Summit Wealth Partners LLC owned approximately 0.08% of First Trust Short Duration Managed Municipal ETF worth $343,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSMB. RMR Wealth Builders raised its position in shares of First Trust Short Duration Managed Municipal ETF by 5.6% in the 2nd quarter. RMR Wealth Builders now owns 642,459 shares of the company’s stock valued at $12,701,000 after buying an additional 34,026 shares in the last quarter. PFS Partners LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 9.3% in the 1st quarter. PFS Partners LLC now owns 620,107 shares of the company’s stock valued at $12,300,000 after purchasing an additional 52,580 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,963 shares of the company’s stock valued at $7,888,000 after purchasing an additional 14,752 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 9.1% during the 2nd quarter. Cetera Investment Advisers now owns 245,656 shares of the company’s stock worth $4,857,000 after buying an additional 20,578 shares in the last quarter. Finally, Nilsine Partners LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 1.8% during the 2nd quarter. Nilsine Partners LLC now owns 234,430 shares of the company’s stock worth $4,635,000 after buying an additional 4,113 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.1 %

First Trust Short Duration Managed Municipal ETF stock opened at $20.03 on Wednesday. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.31 and a 12-month high of $20.08. The business’s 50-day moving average price is $19.99 and its two-hundred day moving average price is $19.86.

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.