XML Financial LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 519,295 shares of the company’s stock, valued at approximately $10,381,000.
Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in First Trust Short Duration Managed Municipal ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock worth $8,445,000 after acquiring an additional 15,155 shares during the period. Jane Street Group LLC grew its holdings in First Trust Short Duration Managed Municipal ETF by 205.2% during the 1st quarter. Jane Street Group LLC now owns 63,011 shares of the company’s stock worth $1,252,000 after acquiring an additional 42,363 shares in the last quarter. JPMorgan Chase & Co. increased its position in First Trust Short Duration Managed Municipal ETF by 46.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 245,974 shares of the company’s stock valued at $4,896,000 after purchasing an additional 78,417 shares during the period. NewEdge Advisors LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 12.8% in the 2nd quarter. NewEdge Advisors LLC now owns 417,780 shares of the company’s stock valued at $8,316,000 after purchasing an additional 47,538 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock valued at $34,873,000 after purchasing an additional 53,489 shares in the last quarter.
First Trust Short Duration Managed Municipal ETF Price Performance
Shares of FSMB stock opened at $19.85 on Wednesday. The company’s 50 day moving average is $19.94 and its 200 day moving average is $20.01. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.80 and a 52-week high of $20.25.
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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.
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