Mutual Advisors LLC Sells 605 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Mutual Advisors LLC lowered its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,487 shares of the company’s stock after selling 605 shares during the quarter. Mutual Advisors LLC owned about 0.37% of First Trust Short Duration Managed Municipal ETF worth $1,517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FSMB. Rockefeller Capital Management L.P. increased its holdings in First Trust Short Duration Managed Municipal ETF by 0.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock valued at $1,773,000 after buying an additional 700 shares during the period. Occidental Asset Management LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 2.0% in the 3rd quarter. Occidental Asset Management LLC now owns 38,786 shares of the company’s stock valued at $776,000 after buying an additional 750 shares during the period. Summit Wealth Partners LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 9.2% in the 2nd quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock valued at $343,000 after buying an additional 1,464 shares during the period. NewEdge Advisors LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 1.6% in the 2nd quarter. NewEdge Advisors LLC now owns 154,592 shares of the company’s stock valued at $3,056,000 after buying an additional 2,460 shares during the period. Finally, TruWealth Advisors LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 0.7% in the 4th quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock valued at $10,864,000 after buying an additional 3,729 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.86 on Friday. The company’s fifty day moving average price is $19.89 and its two-hundred day moving average price is $19.94. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.65 and a 52-week high of $20.11.

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.