Naples Global Advisors LLC Sells 1,500 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Naples Global Advisors LLC reduced its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,000 shares of the company’s stock after selling 1,500 shares during the period. Naples Global Advisors LLC owned 0.05% of First Trust Short Duration Managed Municipal ETF worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. TruWealth Advisors LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 8.0% in the 1st quarter. TruWealth Advisors LLC now owns 591,128 shares of the company’s stock worth $11,746,000 after acquiring an additional 43,566 shares in the last quarter. RFG Advisory LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 26.6% in the 1st quarter. RFG Advisory LLC now owns 41,876 shares of the company’s stock worth $832,000 after purchasing an additional 8,788 shares during the period. NBC Securities Inc. lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 113,380.0% in the 1st quarter. NBC Securities Inc. now owns 5,674 shares of the company’s stock worth $112,000 after purchasing an additional 5,669 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 9.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 37,672 shares of the company’s stock worth $747,000 after purchasing an additional 3,143 shares during the period. Finally, Brooklyn FI LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth approximately $464,000.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1%

Shares of FSMB opened at $19.85 on Friday. The company has a 50 day moving average price of $19.76 and a 200-day moving average price of $19.86. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.47 and a fifty-two week high of $20.11.

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.