40,113 Shares in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Bought by Francis Financial Inc.

Francis Financial Inc. 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,113 shares of the company’s stock, valued at approximately $800,000. First Trust Short Duration Managed Municipal ETF makes up about 0.3% of Francis Financial Inc.’s holdings, making the stock its 25th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF during the third quarter worth $77,000. UBS Group AG boosted its holdings in First Trust Short Duration Managed Municipal ETF by 2.6% during the third quarter. UBS Group AG now owns 349,186 shares of the company’s stock worth $6,769,000 after buying an additional 8,903 shares in the last quarter. Stifel Financial Corp raised its position in First Trust Short Duration Managed Municipal ETF by 0.6% during the third quarter. Stifel Financial Corp now owns 140,362 shares of the company’s stock worth $2,721,000 after acquiring an additional 868 shares during the period. Naples Global Advisors LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth $269,000. Finally, Janney Montgomery Scott LLC raised its position in First Trust Short Duration Managed Municipal ETF by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 41,350 shares of the company’s stock worth $802,000 after acquiring an additional 1,361 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $19.84 on Friday. The company has a fifty day moving average of $19.88 and a two-hundred day moving average of $19.73. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.31 and a fifty-two week high of $20.05.

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.