Envestnet Asset Management Inc. Decreases Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Envestnet Asset Management Inc. cut its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 18.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,969 shares of the company’s stock after selling 51,107 shares during the quarter. Envestnet Asset Management Inc. owned 1.06% of First Trust Short Duration Managed Municipal ETF worth $4,559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in First Trust Short Duration Managed Municipal ETF by 27.7% during the first quarter. Cetera Investment Advisers now owns 160,797 shares of the company’s stock worth $3,230,000 after purchasing an additional 34,918 shares during the last quarter. Eudaimonia Partners LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the first quarter worth $215,000. Royal Bank of Canada raised its holdings in First Trust Short Duration Managed Municipal ETF by 8.2% during the first quarter. Royal Bank of Canada now owns 145,904 shares of the company’s stock worth $2,930,000 after purchasing an additional 11,025 shares during the last quarter. Jane Street Group LLC raised its holdings in First Trust Short Duration Managed Municipal ETF by 80.1% during the first quarter. Jane Street Group LLC now owns 128,902 shares of the company’s stock worth $2,589,000 after purchasing an additional 57,325 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in First Trust Short Duration Managed Municipal ETF by 20.4% during the first quarter. Advisory Services Network LLC now owns 45,886 shares of the company’s stock worth $922,000 after purchasing an additional 7,767 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

NYSEARCA FSMB opened at $19.66 on Tuesday. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.31 and a fifty-two week high of $20.05. The business has a fifty day moving average of $19.46 and a 200-day moving average of $19.63.

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.