JPMorgan Chase & Co. Increases Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

JPMorgan Chase & Co. raised its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 176,086 shares of the company’s stock after purchasing an additional 11,210 shares during the quarter. JPMorgan Chase & Co. owned 0.84% of First Trust Short Duration Managed Municipal ETF worth $3,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 7.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 95,823 shares of the company’s stock valued at $1,909,000 after buying an additional 6,487 shares during the period. Pine Valley Investments Ltd Liability Co raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 30.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 56,583 shares of the company’s stock valued at $1,132,000 after acquiring an additional 13,219 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 6.5% during the third quarter. MML Investors Services LLC now owns 224,749 shares of the company’s stock worth $4,497,000 after purchasing an additional 13,690 shares during the period. Stifel Financial Corp increased its holdings in First Trust Short Duration Managed Municipal ETF by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 245,600 shares of the company’s stock valued at $4,914,000 after purchasing an additional 26,544 shares during the period. Finally, HighTower Advisors LLC raised its position in First Trust Short Duration Managed Municipal ETF by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 726,677 shares of the company’s stock valued at $14,536,000 after purchasing an additional 17,431 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.3 %

Shares of FSMB stock opened at $19.88 on Friday. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.65 and a fifty-two week high of $20.11. The business’s 50 day moving average price is $19.90 and its 200-day moving average price is $19.94.

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.