First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $19.70 and traded as high as $19.74. First Trust Short Duration Managed Municipal ETF shares last traded at $19.74, with a volume of 100,382 shares.

First Trust Short Duration Managed Municipal ETF Stock Up 0.3%

The company has a fifty day moving average of $19.70 and a 200 day moving average of $19.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital Financial Group Inc. Co. ADV boosted its holdings in First Trust Short Duration Managed Municipal ETF by 1.6% during the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 30,900 shares of the company’s stock valued at $617,000 after acquiring an additional 500 shares during the period. Concurrent Investment Advisors LLC grew its position in First Trust Short Duration Managed Municipal ETF by 1.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,125 shares of the company’s stock valued at $802,000 after acquiring an additional 595 shares during the last quarter. IFP Advisors Inc grew its position in First Trust Short Duration Managed Municipal ETF by 0.5% in the 3rd quarter. IFP Advisors Inc now owns 136,843 shares of the company’s stock valued at $2,663,000 after acquiring an additional 709 shares during the last quarter. Farther Finance Advisors LLC grew its position in First Trust Short Duration Managed Municipal ETF by 3.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,020 shares of the company’s stock valued at $370,000 after acquiring an additional 718 shares during the last quarter. Finally, Avaii Wealth Management LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 2.2% in the third quarter. Avaii Wealth Management LLC now owns 55,320 shares of the company’s stock worth $1,080,000 after purchasing an additional 1,194 shares during the period.

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.