Janney Montgomery Scott LLC Sells 2,400 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Janney Montgomery Scott LLC cut its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 16.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,314 shares of the company’s stock after selling 2,400 shares during the period. Janney Montgomery Scott LLC owned approximately 0.06% of First Trust Short Duration Managed Municipal ETF worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FSMB. Avaii Wealth Management LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 63.0% in the 3rd quarter. Avaii Wealth Management LLC now owns 20,135 shares of the company’s stock worth $403,000 after acquiring an additional 7,780 shares in the last quarter. TruWealth Advisors LLC increased its position in First Trust Short Duration Managed Municipal ETF by 1.8% in the 3rd quarter. TruWealth Advisors LLC now owns 543,833 shares of the company’s stock valued at $10,882,000 after buying an additional 9,720 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $390,000. Stephens Inc. AR increased its position in First Trust Short Duration Managed Municipal ETF by 17.9% in the 3rd quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock valued at $2,330,000 after buying an additional 17,700 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in First Trust Short Duration Managed Municipal ETF by 57.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,716 shares of the company’s stock valued at $815,000 after buying an additional 14,783 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Down 0.2 %

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.89 on Thursday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.65 and a one year high of $20.11. The business has a 50-day simple moving average of $19.88 and a 200 day simple moving average of $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.