Envestnet Portfolio Solutions Inc. Grows Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Envestnet Portfolio Solutions Inc. grew its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 97,963 shares of the company’s stock after purchasing an additional 11,697 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,944,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.8% during the third quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock valued at $1,773,000 after purchasing an additional 700 shares during the last quarter. Occidental Asset Management LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.5% during the fourth quarter. Occidental Asset Management LLC now owns 40,136 shares of the company’s stock valued at $796,000 after purchasing an additional 1,350 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 10.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 16,632 shares of the company’s stock valued at $330,000 after purchasing an additional 1,561 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at approximately $34,000. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 6.9% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 27,870 shares of the company’s stock valued at $554,000 after purchasing an additional 1,793 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB opened at $19.93 on Friday. The firm has a 50 day moving average of $19.91 and a 200 day moving average of $19.94. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.65 and a twelve month high of $20.11.

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.