Naviter Wealth LLC Decreases Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Naviter Wealth LLC trimmed its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,865 shares of the company’s stock after selling 1,375 shares during the period. Naviter Wealth LLC owned approximately 0.07% of First Trust Short Duration Managed Municipal ETF worth $275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter worth approximately $31,027,000. PFS Partners LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF by 17.3% in the fourth quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock worth $14,937,000 after purchasing an additional 111,034 shares during the last quarter. HighTower Advisors LLC grew its position in First Trust Short Duration Managed Municipal ETF by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 726,677 shares of the company’s stock worth $14,536,000 after purchasing an additional 17,431 shares during the period. RMR Wealth Builders raised its stake in First Trust Short Duration Managed Municipal ETF by 0.9% during the 4th quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock valued at $14,131,000 after buying an additional 6,133 shares during the last quarter. Finally, TruWealth Advisors LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.7% during the 4th quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock valued at $10,864,000 after buying an additional 3,729 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB stock opened at $19.93 on Monday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.65 and a 1 year high of $20.11. The stock’s fifty day moving average price is $19.90 and its 200-day moving average price is $19.94.

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.