Private Advisor Group LLC Sells 4,623 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Private Advisor Group LLC cut its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 7.3% in the second quarter, Holdings Channel reports. The institutional investor owned 58,923 shares of the company’s stock after selling 4,623 shares during the period. Private Advisor Group LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FSMB. Financial Advocates Investment Management grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 73.0% during the fourth quarter. Financial Advocates Investment Management now owns 59,260 shares of the company’s stock worth $1,182,000 after acquiring an additional 25,005 shares during the last quarter. StoneX Group Inc. lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.7% in the 4th quarter. StoneX Group Inc. now owns 78,368 shares of the company’s stock valued at $1,565,000 after purchasing an additional 510 shares during the last quarter. Condor Capital Management lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 2.7% in the 4th quarter. Condor Capital Management now owns 191,317 shares of the company’s stock valued at $3,817,000 after purchasing an additional 5,013 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth about $35,000. Finally, Security Financial Services INC. raised its position in First Trust Short Duration Managed Municipal ETF by 3.4% in the 1st quarter. Security Financial Services INC. now owns 31,096 shares of the company’s stock valued at $617,000 after purchasing an additional 1,036 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Down 0.0 %

FSMB opened at $20.04 on Monday. The business’s 50-day simple moving average is $19.94 and its 200-day simple moving average is $19.85. First Trust Short Duration Managed Municipal ETF has a one year low of $19.31 and a one year high of $20.06.

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.