Harbour Investments Inc. Sells 2,397 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Harbour Investments Inc. cut its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,175 shares of the company’s stock after selling 2,397 shares during the quarter. Harbour Investments Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $284,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FSMB. International Assets Investment Management LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the second quarter worth $77,000. EdgeRock Capital LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 2nd quarter worth about $91,000. Rooted Wealth Advisors Inc. increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 16.2% during the 2nd quarter. Rooted Wealth Advisors Inc. now owns 11,713 shares of the company’s stock valued at $233,000 after acquiring an additional 1,637 shares during the last quarter. Atria Investments Inc bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at approximately $274,000. Finally, Summit Wealth Partners LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 9.2% in the 2nd quarter. Summit Wealth Partners LLC now owns 17,331 shares of the company’s stock worth $343,000 after purchasing an additional 1,464 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1 %

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.92 on Monday. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.51 and a 12-month high of $20.08. The stock has a 50 day moving average price of $19.98 and a two-hundred 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.