First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Sold by Eldridge Investment Advisors Inc.

Eldridge Investment Advisors Inc. lessened its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,107 shares of the company’s stock after selling 3,570 shares during the quarter. Eldridge Investment Advisors Inc. owned about 0.25% of First Trust Short Duration Managed Municipal ETF worth $1,014,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at approximately $31,027,000. PFS Partners LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 17.3% during the fourth quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock worth $14,937,000 after acquiring an additional 111,034 shares during the last quarter. HighTower Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 0.7% during the fourth quarter. HighTower Advisors LLC now owns 732,127 shares of the company’s stock worth $14,525,000 after acquiring an additional 5,450 shares during the last quarter. RMR Wealth Builders increased its stake in First Trust Short Duration Managed Municipal ETF by 0.9% during the fourth quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock worth $14,131,000 after acquiring an additional 6,133 shares during the last quarter. Finally, TruWealth Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 0.7% during the fourth quarter. TruWealth Advisors LLC now owns 547,562 shares of the company’s stock worth $10,864,000 after acquiring an additional 3,729 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock opened at $19.93 on Friday. The business has a fifty day moving average of $19.91 and a two-hundred day moving average of $19.94. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.65 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.