First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Sets New 52-Week Low – Should You Sell?

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.87 and last traded at $19.87, with a volume of 5517 shares trading hands. The stock had previously closed at $19.90.

First Trust Short Duration Managed Municipal ETF Stock Performance

The company has a 50 day moving average price of $19.98 and a 200 day moving average price of $20.05.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

Several hedge funds have recently added to or reduced their stakes in FSMB. Capital Financial Group Inc. Co. ADV boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 1.6% during the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 30,900 shares of the company’s stock worth $617,000 after acquiring an additional 500 shares in the last quarter. Capital Investment Advisory Services LLC raised its stake in First Trust Short Duration Managed Municipal ETF by 3.2% during the fourth quarter. Capital Investment Advisory Services LLC now owns 19,729 shares of the company’s stock worth $395,000 after acquiring an additional 612 shares in the last quarter. US Bancorp DE lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 29.4% in the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after acquiring an additional 815 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the first quarter. Private Advisor Group LLC now owns 45,205 shares of the company’s stock worth $902,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 111.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after purchasing an additional 1,450 shares in the last quarter.

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