First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Reaches New 52-Week Low – What’s Next?

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $19.87 and last traded at $19.87, with a volume of 5517 shares. The stock had previously closed at $19.90.

First Trust Short Duration Managed Municipal ETF Trading Down 0.3%

The company has a fifty day moving average of $19.99 and a two-hundred day moving average of $20.05.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

Hedge funds have recently made changes to their positions in the company. Capital Financial Group Inc. Co. ADV increased its position in shares of First Trust Short Duration Managed Municipal ETF by 1.6% in the first quarter. Capital Financial Group Inc. Co. ADV now owns 30,900 shares of the company’s stock valued at $617,000 after buying an additional 500 shares in the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 3.2% in the 4th quarter. Capital Investment Advisory Services LLC now owns 19,729 shares of the company’s stock worth $395,000 after buying an additional 612 shares in the last quarter. US Bancorp DE boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 29.4% in the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after buying an additional 815 shares in the last quarter. Private Advisor Group LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 3.1% in the 1st quarter. Private Advisor Group LLC now owns 45,205 shares of the company’s stock valued at $902,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in First Trust Short Duration Managed Municipal ETF by 111.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after acquiring an additional 1,450 shares during the last quarter.

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.