Inspirion Wealth Advisors LLC Buys New Position in First Trust Short Duration Managed Municipal ETF $FSMB

Inspirion Wealth Advisors LLC purchased a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 29,870 shares of the company’s stock, valued at approximately $581,000.

Other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 3.0% during the 4th quarter. Corient Private Wealth LLC now owns 1,225,195 shares of the company’s stock valued at $24,559,000 after buying an additional 35,272 shares in the last quarter. Waverly Advisors LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the second quarter worth $14,032,000. Cetera Investment Advisers grew its position in First Trust Short Duration Managed Municipal ETF by 157.3% in the first quarter. Cetera Investment Advisers now owns 551,996 shares of the company’s stock worth $11,018,000 after acquiring an additional 337,466 shares in the last quarter. NewEdge Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 8.9% in the first quarter. NewEdge Advisors LLC now owns 531,145 shares of the company’s stock valued at $10,602,000 after acquiring an additional 43,529 shares during the last quarter. Finally, XML Financial LLC bought a new position in First Trust Short Duration Managed Municipal ETF in the second quarter valued at $10,381,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA FSMB opened at $19.49 on Friday. The stock’s 50-day simple moving average is $19.77 and its two-hundred day simple moving average is $19.91. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.36 and a twelve month high of $20.25.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.