Corient Private Wealth LP cut its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 18.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 857,020 shares of the company’s stock after selling 195,610 shares during the period. Corient Private Wealth LP’s holdings in First Trust Short Duration Managed Municipal ETF were worth $17,132,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID increased its position in First Trust Short Duration Managed Municipal ETF by 800.7% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after purchasing an additional 2,370 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 111.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock worth $55,000 after purchasing an additional 1,450 shares during the period. Tucker Asset Management LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth approximately $82,000. Harbour Investments Inc. boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 47.9% in the 4th quarter. Harbour Investments Inc. now owns 7,690 shares of the company’s stock valued at $154,000 after purchasing an additional 2,490 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 1st quarter valued at $211,000.
First Trust Short Duration Managed Municipal ETF Stock Performance
FSMB opened at $19.75 on Tuesday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.71 and a twelve month high of $20.25. The company has a fifty day moving average of $19.90 and a 200-day moving average of $19.98.
About First Trust Short Duration Managed Municipal ETF
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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.
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Want to see what other hedge funds are holding FSMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report).
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