One Plus One Wealth Management LLC reduced its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,976 shares of the company’s stock after selling 600 shares during the quarter. One Plus One Wealth Management LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $674,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FSMB. Farmers & Merchants Investments Inc. purchased a new position in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at about $34,000. First Horizon Advisors Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $219,000. Castle Wealth Management LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at approximately $233,000. Atria Investments Inc acquired a new position in First Trust Short Duration Managed Municipal ETF in the third quarter worth approximately $274,000. Finally, Flow Traders U.S. LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the third quarter worth approximately $297,000.
First Trust Short Duration Managed Municipal ETF Trading Down 0.2 %
NYSEARCA FSMB opened at $19.89 on Thursday. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.65 and a 12-month high of $20.11. The company has a 50 day moving average price of $19.88 and a two-hundred day moving average price of $19.94.
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.
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Want to see what other hedge funds are holding FSMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report).
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