FSB Premier Wealth Management Inc. Sells 1,419 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

FSB Premier Wealth Management Inc. reduced its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,865 shares of the company’s stock after selling 1,419 shares during the quarter. FSB Premier Wealth Management Inc. owned 0.31% of First Trust Short Duration Managed Municipal ETF worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 1st quarter valued at $36,000. Sound Income Strategies LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the second quarter worth $40,000. JPMorgan Chase & Co. purchased a new stake in First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at $47,000. Harbour Investments Inc. lifted its holdings in First Trust Short Duration Managed Municipal ETF by 4,841.9% in the fourth quarter. Harbour Investments Inc. now owns 9,439 shares of the company’s stock valued at $186,000 after acquiring an additional 9,248 shares during the period. Finally, Main Line Retirement Advisors LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the second quarter worth about $203,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA FSMB traded down $0.06 during midday trading on Tuesday, hitting $19.60. 36,350 shares of the company’s stock traded hands, compared to its average volume of 130,667. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.31 and a 1 year high of $20.05. The firm has a fifty day moving average of $19.46 and a 200 day moving average of $19.63.

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.