NewEdge Advisors LLC Sells 108,153 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

NewEdge Advisors LLC lowered its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 22.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 379,463 shares of the company’s stock after selling 108,153 shares during the period. NewEdge Advisors LLC owned approximately 1.29% of First Trust Short Duration Managed Municipal ETF worth $7,574,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the third quarter valued at approximately $32,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of 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 worth $53,000 after buying an additional 2,370 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of First Trust Short Duration Managed Municipal ETF by 111.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock worth $55,000 after buying an additional 1,450 shares during the period. US Bancorp DE grew its position in shares of First Trust Short Duration Managed Municipal ETF by 29.4% during the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after buying an additional 815 shares during the period. Finally, Tucker Asset Management LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $82,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $19.88 on Friday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.80 and a twelve month high of $20.25. The company has a fifty day moving average of $19.98 and a 200-day moving average of $20.04.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.