First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,802 shares of the company’s stock after selling 2,510 shares during the period. Kestra Private Wealth Services LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in First Trust Short Duration Managed Municipal ETF by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock worth $3,523,000 after purchasing an additional 11,210 shares in the last quarter. Atria Investments Inc acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth approximately $274,000. Hedeker Wealth LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth approximately $1,059,000. Rockefeller Capital Management L.P. boosted its stake in First Trust Short Duration Managed Municipal ETF by 0.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock worth $1,773,000 after purchasing an additional 700 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in First Trust Short Duration Managed Municipal ETF by 17.9% in the 3rd quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock worth $2,330,000 after purchasing an additional 17,700 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB opened at $19.93 on Friday. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.65 and a 12-month high of $20.11. The firm has a 50 day moving average of $19.88 and a two-hundred day moving average of $19.94.

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.