FSB Premier Wealth Management Inc. Sells 1,419 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

FSB Premier Wealth Management Inc. cut its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 2.0% in the second quarter, Holdings Channel.com reports. The firm owned 67,865 shares of the company’s stock after selling 1,419 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,340,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the first quarter valued at approximately $36,000. Sound Income Strategies LLC bought a new position in First Trust Short Duration Managed Municipal ETF in the 2nd quarter valued at $40,000. JPMorgan Chase & Co. bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter worth about $47,000. Harbour Investments Inc. increased its stake in First Trust Short Duration Managed Municipal ETF by 4,841.9% in the 4th quarter. Harbour Investments Inc. now owns 9,439 shares of the company’s stock worth $186,000 after buying an additional 9,248 shares during the period. Finally, Main Line Retirement Advisors LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 2nd quarter valued at about $203,000.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock traded down $0.06 during mid-day trading on Tuesday, reaching $19.60. The company had a trading volume of 36,350 shares, compared to its average volume of 130,667. The firm has a 50 day moving average of $19.46 and a 200 day moving average of $19.63. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.31 and a 12 month high of $20.05.

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.