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Dynamic Advisor Solutions LLC Increases Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Defense World ·  Mar 26, 2023 16:42

Dynamic Advisor Solutions LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Rating) by 80.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,888 shares of the company's stock after buying an additional 10,228 shares during the quarter. Dynamic Advisor Solutions LLC owned approximately 0.11% of First Trust Short Duration Managed Municipal ETF worth $452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP bought a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $25,000. EdgeRock Capital LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter worth approximately $25,000. Front Row Advisors LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at approximately $29,000. Wipfli Financial Advisors LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at $58,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the second quarter valued at $203,000.

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First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $19.82 on Friday. The firm has a 50-day simple moving average of $19.84 and a 200-day simple moving average of $19.72. First Trust Short Duration Managed Municipal ETF has a one year low of $19.39 and a one year high of $20.51.

About First Trust Short Duration Managed Municipal ETF

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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.

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Want to see what other hedge funds are holding FSMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Rating).

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