Sanctuary Advisors LLC Acquires 6,487 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Sanctuary Advisors LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 7.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 95,823 shares of the company’s stock after acquiring an additional 6,487 shares during the quarter. Sanctuary Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSMB. Rockefeller Capital Management L.P. grew its position in shares of First Trust Short Duration Managed Municipal ETF by 0.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock worth $1,773,000 after buying an additional 700 shares during the last quarter. Occidental Asset Management LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 2.0% in the third quarter. Occidental Asset Management LLC now owns 38,786 shares of the company’s stock valued at $776,000 after purchasing an additional 750 shares during the period. Summit Wealth Partners LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 9.2% in the second quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock worth $343,000 after purchasing an additional 1,464 shares during the last quarter. Rooted Wealth Advisors Inc. lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 16.2% during the second quarter. Rooted Wealth Advisors Inc. now owns 11,713 shares of the company’s stock worth $233,000 after purchasing an additional 1,637 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 6.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 34,854 shares of the company’s stock valued at $689,000 after buying an additional 1,993 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB opened at $19.85 on Thursday. The firm has a 50 day moving average of $19.94 and a two-hundred day moving average of $19.93. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.65 and a 12-month high of $20.11.

First Trust Short Duration Managed Municipal ETF Company 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.