Occidental Asset Management LLC Raises Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Occidental Asset Management LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,136 shares of the company’s stock after buying an additional 1,350 shares during the period. Occidental Asset Management LLC owned about 0.19% of First Trust Short Duration Managed Municipal ETF worth $796,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Core Wealth Partners LLC grew its position in First Trust Short Duration Managed Municipal ETF by 143.1% in the third quarter. Core Wealth Partners LLC now owns 58,857 shares of the company’s stock worth $1,178,000 after acquiring an additional 34,642 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth approximately $644,000. Stifel Financial Corp increased its position in shares of First Trust Short Duration Managed Municipal ETF by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 245,600 shares of the company’s stock valued at $4,914,000 after purchasing an additional 26,544 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Short Duration Managed Municipal ETF by 9.1% during the 2nd quarter. Cetera Investment Advisers now owns 245,656 shares of the company’s stock valued at $4,857,000 after purchasing an additional 20,578 shares during the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at $390,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB opened at $19.83 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.65 and a 52-week high of $20.11. The business has a fifty day moving average of $19.90 and a 200 day moving average of $19.93.

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.