First Trust Short Duration Managed Municipal ETF $FSMB Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,264 shares of the company’s stock after acquiring an additional 591 shares during the period. Prime Capital Investment Advisors LLC owned approximately 0.12% of First Trust Short Duration Managed Municipal ETF worth $563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. boosted its position in First Trust Short Duration Managed Municipal ETF by 8.6% during the first quarter. Raymond James Financial Inc. now owns 1,698,479 shares of the company’s stock worth $33,749,000 after purchasing an additional 134,618 shares in the last quarter. RMR Wealth Builders boosted its position in First Trust Short Duration Managed Municipal ETF by 14.1% during the first quarter. RMR Wealth Builders now owns 813,010 shares of the company’s stock worth $16,154,000 after purchasing an additional 100,756 shares in the last quarter. HighTower Advisors LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 12.3% during the first quarter. HighTower Advisors LLC now owns 822,443 shares of the company’s stock worth $16,342,000 after purchasing an additional 90,316 shares in the last quarter. Francis Financial Inc. boosted its position in First Trust Short Duration Managed Municipal ETF by 49.5% during the first quarter. Francis Financial Inc. now owns 135,810 shares of the company’s stock worth $2,699,000 after purchasing an additional 44,975 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in First Trust Short Duration Managed Municipal ETF during the first quarter worth $866,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of NYSEARCA:FSMB opened at $20.10 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.47 and a 52-week high of $20.21. The stock’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $19.91.

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.