First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC reduced its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 72.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,240 shares of the company’s stock after selling 39,538 shares during the quarter. Naviter Wealth LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $305,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSMB. International Assets Investment Management LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the second quarter worth about $77,000. EdgeRock Capital LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the second quarter valued at approximately $91,000. Pinnacle Bancorp Inc. boosted its position in First Trust Short Duration Managed Municipal ETF by 19.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 7,433 shares of the company’s stock worth $147,000 after purchasing an additional 1,205 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 8.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 7,887 shares of the company’s stock worth $156,000 after purchasing an additional 627 shares during the period. Finally, Rooted Wealth Advisors Inc. increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 16.2% during the 2nd quarter. Rooted Wealth Advisors Inc. now owns 11,713 shares of the company’s stock valued at $233,000 after purchasing an additional 1,637 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB opened at $20.03 on Friday. The firm has a fifty day moving average price of $20.01 and a 200 day moving average price of $19.87. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.31 and a 1 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.