Continuum Wealth Advisors LLC Has $436,000 Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Continuum Wealth Advisors LLC raised its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,844 shares of the company’s stock after buying an additional 725 shares during the period. First Trust Short Duration Managed Municipal ETF accounts for about 0.3% of Continuum Wealth Advisors LLC’s portfolio, making the stock its 26th largest holding. Continuum Wealth Advisors LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSMB. Private Trust Co. NA increased its stake in First Trust Short Duration Managed Municipal ETF by 183.8% in the 4th quarter. Private Trust Co. NA now owns 1,748 shares of the company’s stock valued at $35,000 after buying an additional 1,132 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 1st quarter valued at about $36,000. JPMorgan Chase & Co. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at about $47,000. NBC Securities Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $77,000. Finally, Coppell Advisory Solutions LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the 2nd quarter valued at about $106,000.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1 %

FSMB traded up $0.01 on Wednesday, reaching $19.79. The company had a trading volume of 34,877 shares, compared to its average volume of 98,573. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.31 and a fifty-two week high of $19.98. The company’s fifty day moving average is $19.86 and its 200 day moving average is $19.75.

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.