Royal Bank of Canada Sells 156,545 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Royal Bank of Canada decreased its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 32.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,015 shares of the company’s stock after selling 156,545 shares during the quarter. Royal Bank of Canada owned approximately 1.09% of First Trust Short Duration Managed Municipal ETF worth $6,447,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FSMB. Capital Financial Group Inc. Co. ADV lifted 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 valued at $617,000 after buying an additional 500 shares in the last quarter. US Bancorp DE increased its holdings in First Trust Short Duration Managed Municipal ETF by 29.4% in the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after acquiring an additional 815 shares in the last quarter. Private Advisor Group LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 3.1% in the 1st 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 in the last quarter. Hazlett Burt & Watson Inc. raised its stake in First Trust Short Duration Managed Municipal ETF by 111.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock worth $55,000 after acquiring an additional 1,450 shares during the period. Finally, Integrity Wealth Advisors Inc. raised its stake in First Trust Short Duration Managed Municipal ETF by 13.5% during the 3rd quarter. Integrity Wealth Advisors Inc. now owns 12,375 shares of the company’s stock worth $248,000 after acquiring an additional 1,471 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB stock opened at $19.95 on Wednesday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.80 and a one year high of $20.25. The company’s fifty day moving average price is $19.97 and its 200-day moving average price is $20.03.

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