Kestra Private Wealth Services LLC Trims Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Kestra Private Wealth Services LLC lowered its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,802 shares of the company’s stock after selling 2,510 shares during the quarter. Kestra Private Wealth Services LLC owned about 0.20% of First Trust Short Duration Managed Municipal ETF worth $829,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FSMB. JPMorgan Chase & Co. increased its stake in First Trust Short Duration Managed Municipal ETF by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock worth $3,523,000 after buying an additional 11,210 shares during the period. Atria Investments Inc bought a new position in First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $274,000. Hedeker Wealth LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth about $1,059,000. Rockefeller Capital Management L.P. grew its holdings in First Trust Short Duration Managed Municipal ETF by 0.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock worth $1,773,000 after acquiring an additional 700 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in First Trust Short Duration Managed Municipal ETF by 17.9% during the 3rd quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock worth $2,330,000 after acquiring an additional 17,700 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Up 0.1 %

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.93 on Friday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.65 and a 1 year high of $20.11. The firm’s 50-day moving average is $19.88 and its two-hundred day moving average 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.