Eldridge Investment Advisors Inc. cut its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) by 6.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,107 shares of the company’s stock after selling 3,570 shares during the period. Eldridge Investment Advisors Inc.’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,014,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $34,000. Farther Finance Advisors LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $81,000. First Horizon Advisors Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at $219,000. Castle Wealth Management LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $233,000. Finally, Atria Investments Inc acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at $274,000.
First Trust Short Duration Managed Municipal ETF Trading Down 0.1 %
NYSEARCA:FSMB opened at $19.93 on Friday. The stock has a fifty day moving average price of $19.91 and a 200 day moving average price of $19.94. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.65 and a 12-month high of $20.11.
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.
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