Atria Investments Inc Takes $274,000 Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Atria Investments Inc bought a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,697 shares of the company’s stock, valued at approximately $274,000. Atria Investments Inc owned about 0.07% of First Trust Short Duration Managed Municipal ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSMB. Envestnet Asset Management Inc. boosted its position in First Trust Short Duration Managed Municipal ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,963 shares of the company’s stock worth $7,888,000 after purchasing an additional 14,752 shares in the last quarter. Summit Wealth Partners LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF by 9.2% during the second quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock worth $343,000 after buying an additional 1,464 shares in the last quarter. Occidental Asset Management LLC grew its position in First Trust Short Duration Managed Municipal ETF by 2.0% during the third quarter. Occidental Asset Management LLC now owns 38,786 shares of the company’s stock valued at $776,000 after buying an additional 750 shares during the period. Cetera Investment Advisers increased its holdings in First Trust Short Duration Managed Municipal ETF by 23.7% in the first quarter. Cetera Investment Advisers now owns 225,078 shares of the company’s stock valued at $4,464,000 after buying an additional 43,052 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 1.6% in the second quarter. NewEdge Advisors LLC now owns 154,592 shares of the company’s stock valued at $3,056,000 after buying an additional 2,460 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock opened at $19.92 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.61 and a 52-week high of $20.08. The company’s 50-day simple moving average is $19.98 and its 200-day simple moving average is $19.90.

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.