First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Stake Cut by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC lessened its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,828 shares of the company’s stock after selling 3,802 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FSMB. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.8% during the second quarter. Envestnet Asset Management Inc. now owns 398,963 shares of the company’s stock worth $7,888,000 after purchasing an additional 14,752 shares during the period. NewEdge Advisors LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 1.6% in the 2nd quarter. NewEdge Advisors LLC now owns 154,592 shares of the company’s stock worth $3,056,000 after buying an additional 2,460 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 9.1% during the second quarter. Cetera Investment Advisers now owns 245,656 shares of the company’s stock worth $4,857,000 after acquiring an additional 20,578 shares in the last quarter. Summit Wealth Partners LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 9.2% during the 2nd 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 in the last quarter. Finally, Occidental Asset Management LLC increased its holdings in 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 worth $776,000 after buying an additional 750 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1 %

NYSEARCA FSMB opened at $19.83 on Friday. The company has a 50 day moving average price of $19.90 and a two-hundred day moving average price 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.

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.