Occidental Asset Management LLC Raises Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Occidental Asset Management LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 96.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,582 shares of the company’s stock after buying an additional 18,490 shares during the quarter. Occidental Asset Management LLC owned approximately 0.17% of First Trust Short Duration Managed Municipal ETF worth $742,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FSMB. Silver Oak Securities Incorporated purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the first quarter valued at approximately $247,000. AE Wealth Management LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 10.3% in the first quarter. AE Wealth Management LLC now owns 14,187 shares of the company’s stock worth $282,000 after acquiring an additional 1,319 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the first quarter valued at $131,000. Pinnacle Bancorp Inc. purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 1st quarter worth about $64,000. Finally, Continuum Wealth Advisors LLC bought a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $361,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $19.63 on Tuesday. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.39 and a fifty-two week high of $20.51. The firm has a 50-day simple moving average of $19.68 and a two-hundred day simple moving average of $19.75.

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.