Raymond James & Associates Sells 1,057 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Raymond James & Associates cut its holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,391 shares of the company’s stock after selling 1,057 shares during the period. Raymond James & Associates’ holdings in First Trust Short Duration Managed Municipal ETF were worth $1,606,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the third quarter valued at $25,000. Total Clarity Wealth Management Inc. bought a new position in First Trust Short Duration Managed Municipal ETF during the second quarter valued at $149,000. Atria Wealth Solutions Inc. bought a new position in First Trust Short Duration Managed Municipal ETF during the second quarter valued at $203,000. Finally, Econ Financial Services Corp bought a new position in First Trust Short Duration Managed Municipal ETF during the third quarter valued at $204,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA FSMB opened at $19.95 on Wednesday. The stock has a fifty day simple moving average of $19.80 and a two-hundred day simple moving average of $19.77. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.39 and a 1-year high of $20.67.