Envestnet Asset Management Inc. Purchases 17,792 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Envestnet Asset Management Inc. grew its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 405,680 shares of the company’s stock after acquiring an additional 17,792 shares during the period. Envestnet Asset Management Inc. owned 1.80% of First Trust Short Duration Managed Municipal ETF worth $8,061,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $31,027,000. LPL Financial LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 11.8% in the fourth quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock valued at $26,157,000 after buying an additional 138,848 shares in the last quarter. RMR Wealth Builders boosted its position in First Trust Short Duration Managed Municipal ETF by 14.1% in the first quarter. RMR Wealth Builders now owns 813,010 shares of the company’s stock valued at $16,154,000 after buying an additional 100,756 shares in the last quarter. TruWealth Advisors LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 8.0% in the first quarter. TruWealth Advisors LLC now owns 591,128 shares of the company’s stock valued at $11,746,000 after buying an additional 43,566 shares in the last quarter. Finally, EnRich Financial Partners LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 9.8% in the first quarter. EnRich Financial Partners LLC now owns 374,385 shares of the company’s stock valued at $7,439,000 after buying an additional 33,286 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1%

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

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.