Snowden Capital Advisors LLC Reduces Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Snowden Capital Advisors LLC cut its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,392 shares of the company’s stock after selling 1,804 shares during the quarter. Snowden Capital Advisors LLC owned approximately 0.13% of First Trust Short Duration Managed Municipal ETF worth $524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Truist Financial Corp grew its stake in First Trust Short Duration Managed Municipal ETF by 177.7% during the 4th quarter. Truist Financial Corp now owns 64,776 shares of the company’s stock worth $1,285,000 after buying an additional 41,448 shares during the last quarter. Hedeker Wealth LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth $1,059,000. Wells Fargo & Company MN grew its stake in First Trust Short Duration Managed Municipal ETF by 8.0% during the 4th quarter. Wells Fargo & Company MN now owns 210,015 shares of the company’s stock worth $4,167,000 after buying an additional 15,494 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in First Trust Short Duration Managed Municipal ETF by 490.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,679 shares of the company’s stock worth $53,000 after buying an additional 2,225 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth $81,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB opened at $19.83 on Wednesday. The stock has a fifty day moving average price of $19.78 and a 200 day moving average price of $19.87. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.47 and a 12 month 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.