First Trust Short Duration Managed Municipal ETF $FSMB Shares Sold by XML Financial LLC

XML Financial LLC reduced its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 92.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,761 shares of the company’s stock after selling 480,534 shares during the quarter. XML Financial LLC owned about 0.12% of First Trust Short Duration Managed Municipal ETF worth $754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FSMB. Legacy Wealth Managment LLC ID grew its position in First Trust Short Duration Managed Municipal ETF by 800.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after buying an additional 2,370 shares in the last quarter. Financial Enhancement Group LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $224,000. CoreCap Advisors LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 31.5% during the 2nd quarter. CoreCap Advisors LLC now owns 12,017 shares of the company’s stock valued at $240,000 after buying an additional 2,876 shares during the period. Integrated Wealth Concepts LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the 2nd quarter valued at about $252,000. Finally, Sowell Financial Services LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $290,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB stock opened at $19.80 on Wednesday. The firm’s 50-day moving average is $19.68 and its two-hundred day moving average is $19.94. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.36 and a 52 week high of $20.25.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.