Sigma Planning Corp Trims Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Sigma Planning Corp reduced its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 27.5% in the 4th quarter, Holdings Channel reports. The firm owned 13,697 shares of the company’s stock after selling 5,202 shares during the period. Sigma Planning Corp’s holdings in First Trust Short Duration Managed Municipal ETF were worth $273,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FSMB. PFS Partners LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 37,684.8% in the 4th quarter. PFS Partners LLC now owns 567,527 shares of the company’s stock valued at $11,322,000 after purchasing an additional 566,025 shares during the last quarter. Allworth Financial LP increased its position in First Trust Short Duration Managed Municipal ETF by 182.5% in the 4th quarter. Allworth Financial LP now owns 146,906 shares of the company’s stock valued at $2,931,000 after acquiring an additional 94,910 shares during the period. HighTower Advisors LLC increased its position in First Trust Short Duration Managed Municipal ETF by 19.8% in the 3rd quarter. HighTower Advisors LLC now owns 560,311 shares of the company’s stock valued at $10,860,000 after acquiring an additional 92,423 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $1,730,000. Finally, International Assets Investment Management LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $1,539,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB stock opened at $19.73 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.31 and a 52-week high of $19.97. The stock’s 50-day moving average price is $19.84 and its 200 day moving average price is $19.77.

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.