Raymond James Financial Inc. Buys New Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Raymond James Financial Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,563,861 shares of the company’s stock, valued at approximately $31,027,000. Raymond James Financial Inc. owned about 0.08% of First Trust Short Duration Managed Municipal ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of FSMB. JPMorgan Chase & Co. increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 176,086 shares of the company’s stock worth $3,523,000 after purchasing an additional 11,210 shares during the last quarter. Truist Financial Corp grew its holdings in First Trust Short Duration Managed Municipal ETF by 177.7% during the 4th quarter. Truist Financial Corp now owns 64,776 shares of the company’s stock valued at $1,285,000 after buying an additional 41,448 shares in the last quarter. Hedeker Wealth LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth approximately $1,059,000. Creative Financial Designs Inc. ADV raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 490.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,679 shares of the company’s stock worth $53,000 after acquiring an additional 2,225 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at approximately $81,000.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB stock opened at $19.68 on Thursday. The firm has a fifty day moving average price of $19.87 and a 200 day moving average price of $19.90. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.47 and a fifty-two week high of $20.11.

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.