Larson Financial Group LLC Reduces Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Larson Financial Group LLC trimmed its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,923 shares of the company’s stock after selling 860 shares during the period. Larson Financial Group LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $78,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA grew its position in shares of First Trust Short Duration Managed Municipal ETF by 183.8% in the fourth quarter. Private Trust Co. NA now owns 1,748 shares of the company’s stock valued at $35,000 after purchasing an additional 1,132 shares during the period. NBC Securities Inc. purchased a new position in First Trust Short Duration Managed Municipal ETF during the third quarter worth about $77,000. Capital Investment Advisory Services LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 109.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 5,650 shares of the company’s stock worth $113,000 after buying an additional 2,950 shares during the last quarter. Naples Global Advisors LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $269,000. Finally, Castle Wealth Management LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at about $295,000.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1 %

Shares of FSMB stock opened at $19.71 on Friday. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.31 and a 1-year high of $19.97. The firm’s 50-day simple moving average is $19.85 and its 200-day simple moving average is $19.77.

First Trust Short Duration Managed Municipal ETF Company 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.