First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Sold by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC decreased its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,828 shares of the company’s stock after selling 3,802 shares during the period. Inspirion Wealth Advisors LLC owned 0.17% of First Trust Short Duration Managed Municipal ETF worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSMB. Envestnet Asset Management Inc. boosted its stake in First Trust Short Duration Managed Municipal ETF by 3.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 398,963 shares of the company’s stock valued at $7,888,000 after purchasing an additional 14,752 shares during the period. NewEdge Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 1.6% during the 2nd 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 during the period. Cetera Investment Advisers raised its position in shares of First Trust Short Duration Managed Municipal ETF by 9.1% during the 2nd quarter. Cetera Investment Advisers now owns 245,656 shares of the company’s stock worth $4,857,000 after buying an additional 20,578 shares in the last quarter. Summit Wealth Partners LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 9.2% in the 2nd quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock worth $343,000 after acquiring an additional 1,464 shares during the period. Finally, Occidental Asset Management LLC increased its stake in shares of 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 acquiring an additional 750 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB opened at $19.83 on Friday. The business has a 50 day moving average price of $19.90 and a two-hundred day moving average price of $19.93. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.65 and a 1-year high of $20.11.

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.