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

Envestnet Asset Management Inc. lifted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 405,680 shares of the company’s stock after buying an additional 17,792 shares during the period. Envestnet Asset Management Inc. owned approximately 1.80% of First Trust Short Duration Managed Municipal ETF worth $8,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tucker Asset Management LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at $31,000. Front Row Advisors LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at $99,000. NBC Securities Inc. raised its holdings in First Trust Short Duration Managed Municipal ETF by 113,380.0% during the 1st quarter. NBC Securities Inc. now owns 5,674 shares of the company’s stock valued at $112,000 after acquiring an additional 5,669 shares during the period. Private Trust Co. NA raised its holdings in First Trust Short Duration Managed Municipal ETF by 1,455.4% during the 1st quarter. Private Trust Co. NA now owns 9,581 shares of the company’s stock valued at $190,000 after acquiring an additional 8,965 shares during the period. Finally, Coppell Advisory Solutions LLC raised its holdings in First Trust Short Duration Managed Municipal ETF by 376.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 12,026 shares of the company’s stock valued at $238,000 after acquiring an additional 9,500 shares during the period.

First Trust Short Duration Managed Municipal ETF Trading Up 0.1%

Shares of FSMB stock opened at $19.95 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.47 and a 52-week high of $20.11. The business’s fifty day moving average is $19.87 and its 200 day moving average is $19.85.

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.