Raymond James & Associates Purchases 5,401 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Raymond James & Associates lifted its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,969 shares of the company’s stock after buying an additional 5,401 shares during the quarter. Raymond James & Associates owned about 0.33% of First Trust Short Duration Managed Municipal ETF worth $1,416,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. UBS Group AG lifted its stake in First Trust Short Duration Managed Municipal ETF by 2.6% in the third quarter. UBS Group AG now owns 349,186 shares of the company’s stock valued at $6,769,000 after buying an additional 8,903 shares during the period. NBC Securities Inc. bought a new position in First Trust Short Duration Managed Municipal ETF during the third quarter worth $77,000. Stifel Financial Corp grew its holdings in First Trust Short Duration Managed Municipal ETF by 0.6% in the third quarter. Stifel Financial Corp now owns 140,362 shares of the company’s stock worth $2,721,000 after purchasing an additional 868 shares during the period. Naples Global Advisors LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the fourth quarter valued at $269,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 41,350 shares of the company’s stock valued at $802,000 after purchasing an additional 1,361 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB 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 stock has a 50-day moving average of $19.86 and a 200-day moving average of $19.76.

First Trust Short Duration Managed Municipal ETF Company 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.