First Trust Short Duration Managed Municipal ETF $FSMB Shares Newly Purchased by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,870 shares of the company’s stock, valued at approximately $581,000. Inspirion Wealth Advisors LLC owned 0.09% of First Trust Short Duration Managed Municipal ETF at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FSMB. Legacy Wealth Managment LLC ID lifted its stake in First Trust Short Duration Managed Municipal ETF by 800.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock worth $53,000 after purchasing an additional 2,370 shares in the last quarter. EdgeRock Capital LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the 1st quarter valued at $211,000. Financial Enhancement Group LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the third quarter worth $224,000. CoreCap Advisors LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 31.5% in the second quarter. CoreCap Advisors LLC now owns 12,017 shares of the company’s stock worth $240,000 after purchasing an additional 2,876 shares during the period. Finally, Brookstone Capital Management purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the first quarter worth $243,000.

First Trust Short Duration Managed Municipal ETF Trading Up 0.2%

Shares of FSMB stock opened at $19.49 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.36 and a 52-week high of $20.25. The business’s fifty day moving average is $19.77 and its 200 day moving average is $19.91.

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.