Private Advisor Group LLC cut its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Rating) by 38.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,343 shares of the company's stock after selling 37,533 shares during the period. Private Advisor Group LLC owned approximately 0.29% of First Trust Short Duration Managed Municipal ETF worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in First Trust Short Duration Managed Municipal ETF during the third quarter worth about $25,000. EdgeRock Capital LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the third quarter worth about $25,000. Front Row Advisors LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at about $29,000. Wipfli Financial Advisors LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at about $58,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the second quarter valued at about $203,000.
Get First Trust Short Duration Managed Municipal ETF alerts:First Trust Short Duration Managed Municipal ETF Stock Performance
Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.95 on Thursday. The stock's 50-day moving average is $19.82 and its 200-day moving average is $19.73. First Trust Short Duration Managed Municipal ETF has a one year low of $19.39 and a one year high of $20.51.
First Trust Short Duration Managed Municipal ETF Company Profile
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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.
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