Sigma Planning Corp Lowers Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Sigma Planning Corp decreased its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,697 shares of the company’s stock after selling 5,202 shares during the quarter. Sigma Planning Corp owned approximately 0.06% of First Trust Short Duration Managed Municipal ETF worth $273,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,284,330 shares of the company’s stock worth $24,897,000 after buying an additional 4,914 shares during the last quarter. PFS Partners LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 37,684.8% in the fourth quarter. PFS Partners LLC now owns 567,527 shares of the company’s stock worth $11,322,000 after buying an additional 566,025 shares during the last quarter. HighTower Advisors LLC raised its holdings in First Trust Short Duration Managed Municipal ETF by 19.8% in the 3rd quarter. HighTower Advisors LLC now owns 560,311 shares of the company’s stock worth $10,860,000 after purchasing an additional 92,423 shares during the period. TruWealth Advisors LLC raised its holdings in First Trust Short Duration Managed Municipal ETF by 3.9% in the 4th quarter. TruWealth Advisors LLC now owns 522,342 shares of the company’s stock worth $10,421,000 after purchasing an additional 19,610 shares during the period. Finally, RMR Wealth Builders raised its holdings in First Trust Short Duration Managed Municipal ETF by 2.3% in the 3rd quarter. RMR Wealth Builders now owns 392,755 shares of the company’s stock worth $7,614,000 after purchasing an additional 8,713 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1 %

NYSEARCA FSMB opened at $19.73 on Friday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.31 and a twelve month high of $19.97. The stock has a 50-day moving average of $19.84 and a 200 day moving average of $19.77.

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.