Wealth Enhancement Advisory Services LLC Decreases Position in First Trust Short Duration Managed Municipal ETF $FSMB

Wealth Enhancement Advisory Services LLC cut its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,113 shares of the company’s stock after selling 3,713 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.14% of First Trust Short Duration Managed Municipal ETF worth $680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of FSMB. NBC Securities Inc. increased 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 worth $112,000 after purchasing an additional 5,669 shares during the period. Private Trust Co. NA lifted its position 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 worth $190,000 after acquiring an additional 8,965 shares during the period. Capital Analysts LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 15.8% during the 1st quarter. Capital Analysts LLC now owns 10,935 shares of the company’s stock worth $217,000 after acquiring an additional 1,496 shares during the period. AE Wealth Management LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 271.6% in the 1st quarter. AE Wealth Management LLC now owns 11,910 shares of the company’s stock valued at $237,000 after buying an additional 8,705 shares during the period. Finally, Alpha Cubed Investments LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 1st quarter valued at about $270,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $20.08 on Friday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.47 and a twelve month high of $20.21. The business has a 50-day moving average price of $20.05 and a 200 day moving average price of $19.90.

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.