First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Hits New 1-Year Low – Time to Sell?

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) shares hit a new 52-week low on Wednesday . The stock traded as low as $19.71 and last traded at $19.7150, with a volume of 90921 shares. The stock had previously closed at $19.73.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1%

The stock’s fifty day simple moving average is $19.90 and its 200-day simple moving average is $19.98.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

Large investors have recently modified their holdings of the stock. Legacy Wealth Managment LLC ID increased its position in shares of First Trust Short Duration Managed Municipal ETF by 800.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after purchasing an additional 2,370 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 111.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock worth $55,000 after purchasing an additional 1,450 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter worth $82,000. Harbour Investments Inc. lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 47.9% during the 4th quarter. Harbour Investments Inc. now owns 7,690 shares of the company’s stock worth $154,000 after purchasing an additional 2,490 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the first quarter worth $211,000.

First Trust Short Duration Managed Municipal ETF Company 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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.