First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $19.70 and traded as high as $19.74. First Trust Short Duration Managed Municipal ETF shares last traded at $19.74, with a volume of 100,382 shares changing hands.

First Trust Short Duration Managed Municipal ETF Price Performance

The firm has a fifty day moving average of $19.70 and a 200 day moving average of $19.95.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Waverly Advisors LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the second quarter valued at approximately $14,032,000. Cetera Investment Advisers grew its position in First Trust Short Duration Managed Municipal ETF by 157.3% in the 1st quarter. Cetera Investment Advisers now owns 551,996 shares of the company’s stock worth $11,018,000 after purchasing an additional 337,466 shares during the period. NewEdge Advisors LLC grew its position in First Trust Short Duration Managed Municipal ETF by 8.9% in the 1st quarter. NewEdge Advisors LLC now owns 531,145 shares of the company’s stock worth $10,602,000 after purchasing an additional 43,529 shares during the period. XML Financial LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the 2nd quarter worth approximately $10,381,000. Finally, Copper Harbor Investment Advisors LLC grew its position in First Trust Short Duration Managed Municipal ETF by 246.9% in the 3rd quarter. Copper Harbor Investment Advisors LLC now owns 416,118 shares of the company’s stock worth $8,098,000 after purchasing an additional 296,158 shares during the period.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.