Kingsview Wealth Management LLC Cuts Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Kingsview Wealth Management LLC decreased its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 11.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,000 shares of the company’s stock after selling 1,262 shares during the period. Kingsview Wealth Management LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $198,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at approximately $219,000. Atria Investments Inc purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at approximately $274,000. Flow Traders U.S. LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at approximately $297,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $315,000. Finally, Capital Investment Advisory Services LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 10.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 16,632 shares of the company’s stock worth $330,000 after buying an additional 1,561 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock opened at $19.93 on Friday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.65 and a twelve month high of $20.11. The firm has a 50 day simple moving average of $19.88 and a 200-day simple moving average of $19.94.

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.