XML Financial LLC trimmed its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 92.5% during the third quarter, HoldingsChannel.com reports. The fund owned 38,761 shares of the company’s stock after selling 480,534 shares during the period. XML Financial LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $754,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of FSMB. Waverly Advisors LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the second quarter worth $14,032,000. Cetera Investment Advisers boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 157.3% in the 1st quarter. Cetera Investment Advisers now owns 551,996 shares of the company’s stock valued at $11,018,000 after purchasing an additional 337,466 shares during the period. Copper Harbor Investment Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 246.9% in the 3rd quarter. Copper Harbor Investment Advisors LLC now owns 416,118 shares of the company’s stock worth $8,098,000 after purchasing an additional 296,158 shares in the last quarter. Gateway Wealth Partners LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 102.7% in the 1st quarter. Gateway Wealth Partners LLC now owns 234,040 shares of the company’s stock worth $4,671,000 after purchasing an additional 118,592 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in First Trust Short Duration Managed Municipal ETF in the 1st quarter worth about $1,735,000.
First Trust Short Duration Managed Municipal ETF Trading Up 0.1%
Shares of FSMB opened at $19.80 on Wednesday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.36 and a one year high of $20.25. The company has a 50-day moving average of $19.68 and a two-hundred day moving average of $19.94.
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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.
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Want to see what other hedge funds are holding FSMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report).
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