Visionary Wealth Advisors Reduces Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Visionary Wealth Advisors lessened its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,991 shares of the company’s stock after selling 15,321 shares during the quarter. Visionary Wealth Advisors owned approximately 0.65% of First Trust Short Duration Managed Municipal ETF worth $2,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. PFS Partners LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 37,684.8% during the 4th quarter. PFS Partners LLC now owns 567,527 shares of the company’s stock worth $11,322,000 after acquiring an additional 566,025 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 19.8% during the 3rd quarter. HighTower Advisors LLC now owns 560,311 shares of the company’s stock worth $10,860,000 after acquiring an additional 92,423 shares during the last quarter. TruWealth Advisors LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF by 3.9% during the 4th quarter. TruWealth Advisors LLC now owns 522,342 shares of the company’s stock valued at $10,421,000 after purchasing an additional 19,610 shares during the period. RMR Wealth Builders raised its position in shares of First Trust Short Duration Managed Municipal ETF by 22.0% during the 4th quarter. RMR Wealth Builders now owns 479,355 shares of the company’s stock valued at $9,563,000 after purchasing an additional 86,600 shares during the period. Finally, UBS Group AG raised its position in shares of First Trust Short Duration Managed Municipal ETF by 2.6% during the 3rd quarter. UBS Group AG now owns 349,186 shares of the company’s stock valued at $6,769,000 after purchasing an additional 8,903 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB stock opened at $19.78 on Tuesday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.31 and a one year high of $19.97. The company’s fifty day moving average price is $19.76 and its 200-day moving average price is $19.83.

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.