First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,332 shares of the company’s stock after selling 16,494 shares during the period. D.A. Davidson & CO. owned 0.21% of First Trust Short Duration Managed Municipal ETF worth $860,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of First Trust Short Duration Managed Municipal ETF by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock worth $3,523,000 after purchasing an additional 11,210 shares in the last quarter. Atria Investments Inc acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter worth $274,000. Hedeker Wealth LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth $1,059,000. Rockefeller Capital Management L.P. increased its position in shares of First Trust Short Duration Managed Municipal ETF by 0.8% during the third quarter. Rockefeller Capital Management L.P. now owns 88,611 shares of the company’s stock worth $1,773,000 after purchasing an additional 700 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 17.9% during the third quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock valued at $2,330,000 after buying an additional 17,700 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB opened at $19.91 on Tuesday. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.65 and a 1-year high of $20.11. The company’s fifty day moving average price is $19.88 and its 200-day moving average price is $19.94.

First Trust Short Duration Managed Municipal ETF Company 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.