Norris Financial Group LLC Purchases Shares of 32,353 First Trust Short Duration Managed Municipal ETF $FSMB

Norris Financial Group LLC purchased a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 32,353 shares of the company’s stock, valued at approximately $646,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FSMB. Royal Bank of Canada raised its position in shares of First Trust Short Duration Managed Municipal ETF by 3.7% during the first quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock valued at $8,445,000 after buying an additional 15,155 shares during the last quarter. Jane Street Group LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 205.2% during the first quarter. Jane Street Group LLC now owns 63,011 shares of the company’s stock valued at $1,252,000 after acquiring an additional 42,363 shares during the period. JPMorgan Chase & Co. increased its stake in First Trust Short Duration Managed Municipal ETF by 46.8% during the second quarter. JPMorgan Chase & Co. now owns 245,974 shares of the company’s stock valued at $4,896,000 after acquiring an additional 78,417 shares during the period. NewEdge Advisors LLC raised its holdings in 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 acquiring an additional 47,538 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position 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 worth $34,873,000 after acquiring an additional 53,489 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB opened at $19.88 on Friday. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.80 and a 1-year high of $20.25. The business’s 50 day moving average is $19.98 and its 200-day moving average is $20.04.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.