Cetera Investment Advisers Increases Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Cetera Investment Advisers lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,656 shares of the company’s stock after buying an additional 20,578 shares during the period. Cetera Investment Advisers owned about 1.18% of First Trust Short Duration Managed Municipal ETF worth $4,857,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. RMR Wealth Builders lifted its holdings in First Trust Short Duration Managed Municipal ETF by 26.9% in the first quarter. RMR Wealth Builders now owns 608,433 shares of the company’s stock valued at $12,068,000 after acquiring an additional 129,078 shares during the period. Cetera Advisors LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 921.3% in the first quarter. Cetera Advisors LLC now owns 118,862 shares of the company’s stock valued at $2,358,000 after purchasing an additional 107,224 shares during the period. Commonwealth Equity Services LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF by 92.5% during the first quarter. Commonwealth Equity Services LLC now owns 117,736 shares of the company’s stock worth $2,335,000 after buying an additional 56,581 shares in the last quarter. PFS Partners LLC grew its position in First Trust Short Duration Managed Municipal ETF by 9.3% during the first quarter. PFS Partners LLC now owns 620,107 shares of the company’s stock worth $12,300,000 after buying an additional 52,580 shares during the period. Finally, Naviter Wealth LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the first quarter valued at about $965,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $20.03 on Wednesday. The business’s 50 day simple moving average is $20.00 and its 200-day simple moving average is $19.87. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.31 and a 12 month high of $20.08.

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.