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

NewEdge Advisors LLC reduced its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 22.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 379,463 shares of the company’s stock after selling 108,153 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $7,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FSMB. Cetera Investment Advisers grew its stake in First Trust Short Duration Managed Municipal ETF by 157.3% in the first quarter. Cetera Investment Advisers now owns 551,996 shares of the company’s stock valued at $11,018,000 after acquiring an additional 337,466 shares during the period. TrueWealth Financial Partners acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $4,044,000. Gateway Wealth Partners LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 102.7% during the first quarter. Gateway Wealth Partners LLC now owns 234,040 shares of the company’s stock worth $4,671,000 after purchasing an additional 118,592 shares during the period. Pursuit Wealth Management LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth $2,170,000. Finally, MGO One Seven LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth $1,772,000.

First Trust Short Duration Managed Municipal ETF Price Performance

NYSEARCA FSMB opened at $19.88 on Friday. The company has a fifty day simple moving average of $19.98 and a 200 day simple moving average of $20.04. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.80 and a 12-month high of $20.25.

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.