First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Sold by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC lowered its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,443 shares of the company’s stock after selling 657 shares during the quarter. Alta Wealth Advisors LLC owned 0.08% of First Trust Short Duration Managed Municipal ETF worth $329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSMB. Benjamin F. Edwards & Company Inc. increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 8.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,887 shares of the company’s stock worth $156,000 after buying an additional 627 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,861 shares of the company’s stock valued at $652,000 after purchasing an additional 675 shares in the last quarter. Occidental Asset Management LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 2.0% during the third quarter. Occidental Asset Management LLC now owns 38,786 shares of the company’s stock worth $776,000 after purchasing an additional 750 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in First Trust Short Duration Managed Municipal ETF by 1.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 88,289 shares of the company’s stock worth $1,751,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in First Trust Short Duration Managed Municipal ETF by 19.3% in the first quarter. Pinnacle Bancorp Inc. now owns 7,433 shares of the company’s stock worth $147,000 after purchasing an additional 1,205 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of NYSEARCA FSMB opened at $20.03 on Friday. The stock’s 50 day moving average price is $20.01 and its two-hundred day moving average price is $19.88. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.31 and a 52-week high of $20.08.

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.