Ashton Thomas Private Wealth LLC Reduces Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Ashton Thomas Private Wealth LLC decreased its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 27.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,312 shares of the company’s stock after selling 5,772 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in First Trust Short Duration Managed Municipal ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,963 shares of the company’s stock worth $7,888,000 after acquiring an additional 14,752 shares during the last quarter. Summit Wealth Partners LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 9.2% during the second 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 in the last quarter. Occidental Asset Management LLC increased its position in shares of First Trust Short Duration Managed Municipal ETF by 2.0% in the third quarter. Occidental Asset Management LLC now owns 38,786 shares of the company’s stock worth $776,000 after purchasing an additional 750 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Short Duration Managed Municipal ETF by 23.7% in the first quarter. Cetera Investment Advisers now owns 225,078 shares of the company’s stock valued at $4,464,000 after purchasing an additional 43,052 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in First Trust Short Duration Managed Municipal ETF by 1.6% in the second quarter. NewEdge Advisors LLC now owns 154,592 shares of the company’s stock valued at $3,056,000 after purchasing an additional 2,460 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1 %

NYSEARCA FSMB opened at $19.94 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.51 and a 52-week high of $20.08. The company has a fifty day moving average of $19.99 and a 200-day moving average of $19.89.

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.