Alta Wealth Advisors LLC Has $215,000 Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Alta Wealth Advisors LLC cut its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 34.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,831 shares of the company’s stock after selling 5,612 shares during the quarter. Alta Wealth Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSMB. Capital Investment Advisory Services LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 10.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 16,632 shares of the company’s stock worth $330,000 after buying an additional 1,561 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 6.9% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 27,870 shares of the company’s stock valued at $554,000 after acquiring an additional 1,793 shares in the last quarter. Nilsine Partners LLC grew its position in First Trust Short Duration Managed Municipal ETF by 5.5% during the 4th quarter. Nilsine Partners LLC now owns 252,300 shares of the company’s stock worth $5,006,000 after acquiring an additional 13,213 shares during the last quarter. Avaii Wealth Management LLC grew its position in First Trust Short Duration Managed Municipal ETF by 79.3% during the 4th quarter. Avaii Wealth Management LLC now owns 36,100 shares of the company’s stock worth $716,000 after acquiring an additional 15,965 shares during the last quarter. Finally, Insight Inv LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 34.4% in the 4th quarter. Insight Inv LLC now owns 93,630 shares of the company’s stock worth $1,858,000 after purchasing an additional 23,975 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB stock opened at $19.92 on Friday. The business’s 50-day moving average price is $19.89 and its 200-day moving average price is $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.

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.