UBS Group AG Buys 198,629 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

UBS Group AG boosted its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Rating) by 115.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,865 shares of the company’s stock after acquiring an additional 198,629 shares during the quarter. UBS Group AG owned 1.76% of First Trust Short Duration Managed Municipal ETF worth $7,321,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Front Row Advisors LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at $29,000. Atria Wealth Solutions Inc. acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 2nd quarter valued at $203,000. Eudaimonia Partners LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 1st quarter valued at $215,000. Teamwork Financial Advisors LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $237,000. Finally, Foster Victor Wealth Advisors LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $241,000.

First Trust Short Duration Managed Municipal ETF Trading Down 0.3 %

Shares of FSMB stock opened at $19.61 on Thursday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.39 and a 1 year high of $20.51. The firm’s fifty day moving average price is $19.84 and its two-hundred day moving average price is $19.80.

First Trust Short Duration Managed Municipal ETF Profile

(Get Rating)

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.