JPMorgan Chase & Co. Reduces Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

JPMorgan Chase & Co. lowered its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,263 shares of the company’s stock after selling 823 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.84% of First Trust Short Duration Managed Municipal ETF worth $3,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 490.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,679 shares of the company’s stock valued at $53,000 after purchasing an additional 2,225 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth approximately $81,000. Castle Wealth Management LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth $233,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $315,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB opened at $19.67 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.47 and a 1 year high of $20.11. The company’s fifty day moving average is $19.86 and its two-hundred day moving average is $19.89.

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.