Commonwealth Equity Services LLC Has $1.16 Million Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Commonwealth Equity Services LLC reduced its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Rating) by 10.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 58,931 shares of the company’s stock after selling 6,782 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.28% of First Trust Short Duration Managed Municipal ETF worth $1,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSMB. RFG Advisory LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 69.6% during the third quarter. RFG Advisory LLC now owns 19,662 shares of the company’s stock worth $383,000 after buying an additional 8,070 shares in the last quarter. Strategic Wealth Advisors Group LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 43.8% in the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 96,665 shares of the company’s stock valued at $1,884,000 after purchasing an additional 29,466 shares in the last quarter. Mutual Advisors LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 6.0% during the fourth quarter. Mutual Advisors LLC now owns 80,688 shares of the company’s stock worth $1,593,000 after buying an additional 4,540 shares in the last quarter. Trust Co. of Oklahoma acquired a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at $873,000. Finally, Sigma Planning Corp lifted its position in First Trust Short Duration Managed Municipal ETF by 8.6% during the 3rd quarter. Sigma Planning Corp now owns 50,544 shares of the company’s stock worth $985,000 after buying an additional 4,001 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1 %

Shares of FSMB stock opened at $19.71 on Monday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.39 and a 12 month high of $20.51. The stock has a 50-day moving average price of $19.85 and a 200 day moving average price of $19.80.

First Trust Short Duration Managed Municipal ETF Profile

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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.