First Trust Short Duration Managed Municipal ETF $FSMB Shares Purchased by RFG Advisory LLC

RFG Advisory LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.4% in the second quarter, HoldingsChannel.com reports. The firm owned 45,395 shares of the company’s stock after buying an additional 3,519 shares during the period. RFG Advisory LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 29.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock valued at $103,000 after purchasing an additional 1,180 shares in the last quarter. Private Trust Co. NA boosted its stake in First Trust Short Duration Managed Municipal ETF by 1,455.4% during the 1st quarter. Private Trust Co. NA now owns 9,581 shares of the company’s stock valued at $190,000 after purchasing an additional 8,965 shares in the last quarter. Capital Analysts LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 15.8% during the 1st quarter. Capital Analysts LLC now owns 10,935 shares of the company’s stock valued at $217,000 after purchasing an additional 1,496 shares in the last quarter. AE Wealth Management LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 271.6% during the 1st quarter. AE Wealth Management LLC now owns 11,910 shares of the company’s stock valued at $237,000 after purchasing an additional 8,705 shares in the last quarter. Finally, Alpha Cubed Investments LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the 1st quarter valued at $270,000.

First Trust Short Duration Managed Municipal ETF Stock Up 0.2%

Shares of NYSEARCA FSMB opened at $20.12 on Friday. The stock has a fifty day moving average price of $20.08 and a two-hundred day moving average price of $19.92. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.47 and a 1 year high of $20.21.

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.