MGO One Seven LLC Purchases New Holdings in First Trust Short Duration Managed Municipal ETF $FSMB

MGO One Seven LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the fourth quarter, HoldingsChannel reports. The firm bought 88,418 shares of the company’s stock, valued at approximately $1,772,000.

A number of other large investors also recently bought and sold shares of FSMB. Pursuit Wealth Management LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $2,170,000. Gateway Wealth Partners LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth approximately $2,100,000. RMR Wealth Builders lifted its holdings in First Trust Short Duration Managed Municipal ETF by 9.5% during the 3rd quarter. RMR Wealth Builders now owns 943,851 shares of the company’s stock worth $18,953,000 after buying an additional 81,683 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Trust Short Duration Managed Municipal ETF by 46.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 245,974 shares of the company’s stock worth $4,896,000 after buying an additional 78,417 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth approximately $1,437,000.

First Trust Short Duration Managed Municipal ETF Stock Down 0.0%

NYSEARCA:FSMB opened at $20.00 on Tuesday. The business’s 50 day moving average is $20.04 and its two-hundred day moving average is $20.07. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.74 and a 52 week high of $20.25.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.