Harbour Investments Inc. Has $54,000 Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Harbour Investments Inc. reduced its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 80.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,742 shares of the company’s stock after selling 11,433 shares during the period. Harbour Investments Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSMB. Envestnet Portfolio Solutions Inc. raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 13.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 97,963 shares of the company’s stock worth $1,944,000 after purchasing an additional 11,697 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 7.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 101,216 shares of the company’s stock worth $2,008,000 after buying an additional 7,445 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth $81,000. HighTower Advisors LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 732,127 shares of the company’s stock valued at $14,525,000 after acquiring an additional 5,450 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $1,745,000.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1 %

Shares of FSMB stock opened at $19.92 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.65 and a 52-week high of $20.11. The firm’s 50-day moving average is $19.92 and its 200-day moving average is $19.94.

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.