Raymond James & Associates Raises Stock Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Raymond James & Associates raised its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.2% during the fourth quarter, HoldingsChannel reports. The fund owned 70,969 shares of the company’s stock after buying an additional 5,401 shares during the period. Raymond James & Associates’ holdings in First Trust Short Duration Managed Municipal ETF were worth $1,416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Naples Global Advisors LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter worth $269,000. Advisory Resource Group grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.6% in the fourth quarter. Advisory Resource Group now owns 98,460 shares of the company’s stock worth $1,964,000 after acquiring an additional 610 shares during the last quarter. TruWealth Advisors LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 3.9% during the fourth quarter. TruWealth Advisors LLC now owns 522,342 shares of the company’s stock valued at $10,421,000 after buying an additional 19,610 shares during the last quarter. Comerica Bank purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at $694,000. Finally, Panoramic Investment Advisors LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at $382,000.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1 %

First Trust Short Duration Managed Municipal ETF stock opened at $19.77 on Friday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.31 and a one year high of $19.98. The business’s fifty day moving average is $19.86 and its 200 day moving average is $19.76.

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.