Capital Financial Group Inc. Co. ADV Invests $609,000 in First Trust Short Duration Managed Municipal ETF $FSMB

Capital Financial Group Inc. Co. ADV purchased a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,400 shares of the company’s stock, valued at approximately $609,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Occidental Asset Management LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 1.1% in the fourth quarter. Occidental Asset Management LLC now owns 46,036 shares of the company’s stock worth $923,000 after purchasing an additional 500 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 19,729 shares of the company’s stock worth $395,000 after purchasing an additional 612 shares during the last quarter. US Bancorp DE grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 29.4% in the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after purchasing an additional 815 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 2.4% in the third quarter. Stratos Wealth Partners LTD. now owns 40,285 shares of the company’s stock worth $809,000 after purchasing an additional 948 shares during the last quarter. Finally, Condor Capital Management grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.6% in the third quarter. Condor Capital Management now owns 233,955 shares of the company’s stock worth $4,698,000 after purchasing an additional 1,375 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA FSMB opened at $20.01 on Tuesday. The company’s 50-day moving average price is $19.99 and its 200-day moving average price is $20.06. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.85 and a 12 month high of $20.25.

First Trust Short Duration Managed Municipal ETF Company 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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.