Orion Portfolio Solutions LLC Has $3 Million Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Orion Portfolio Solutions LLC trimmed its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,984 shares of the company’s stock after selling 24,864 shares during the period. Orion Portfolio Solutions LLC owned about 0.72% of First Trust Short Duration Managed Municipal ETF worth $2,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF during the fourth quarter valued at about $34,000. Creative Financial Designs Inc. ADV lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 490.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,679 shares of the company’s stock valued at $53,000 after acquiring an additional 2,225 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $81,000. Castle Wealth Management LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $233,000. Finally, Flow Traders U.S. LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at $297,000.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1 %

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.87 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.65 and a 12 month high of $20.11. The business has a fifty day simple moving average of $19.92 and a 200-day simple moving average of $19.93.

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.