Stifel Financial Corp Has $4.91 Million Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Stifel Financial Corp boosted its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,600 shares of the company’s stock after buying an additional 26,544 shares during the period. Stifel Financial Corp owned approximately 1.18% of First Trust Short Duration Managed Municipal ETF worth $4,914,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FSMB. International Assets Investment Management LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 2nd quarter worth approximately $77,000. EdgeRock Capital LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the second quarter worth $91,000. First Horizon Advisors Inc. bought a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter valued at $219,000. Rooted Wealth Advisors Inc. raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 16.2% during the second quarter. Rooted Wealth Advisors Inc. now owns 11,713 shares of the company’s stock valued at $233,000 after purchasing an additional 1,637 shares during the period. Finally, Atria Investments Inc bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $274,000.

First Trust Short Duration Managed Municipal ETF Stock Down 0.4 %

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.90 on Monday. The business has a 50-day simple moving average of $19.95 and a 200 day simple moving average of $19.93. First Trust Short Duration Managed Municipal ETF has a one year low of $19.65 and a one year high of $20.11.

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.