Envestnet Asset Management Inc. Raises Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Envestnet Asset Management Inc. increased its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 398,963 shares of the company’s stock after buying an additional 14,752 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $7,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in FSMB. Hobart Private Capital LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 19.3% in the 1st quarter. Hobart Private Capital LLC now owns 35,428 shares of the company’s stock valued at $703,000 after purchasing an additional 5,737 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth about $35,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,861 shares of the company’s stock worth $652,000 after purchasing an additional 675 shares during the last quarter. PFS Partners LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 9.3% during the first quarter. PFS Partners LLC now owns 620,107 shares of the company’s stock worth $12,300,000 after purchasing an additional 52,580 shares during the last quarter. Finally, Security Financial Services INC. lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 3.4% during the first quarter. Security Financial Services INC. now owns 31,096 shares of the company’s stock worth $617,000 after purchasing an additional 1,036 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Up 0.2 %

Shares of FSMB stock opened at $20.03 on Friday. The company’s 50-day simple moving average is $19.98 and its 200-day simple moving average is $19.86. First Trust Short Duration Managed Municipal ETF has a one year low of $19.31 and a one year high of $20.08.

First Trust Short Duration Managed Municipal ETF 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.