StoneX Group Inc. Has $828,000 Stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

StoneX Group Inc. raised its holdings in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 23.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,711 shares of the company’s stock after purchasing an additional 7,913 shares during the quarter. StoneX Group Inc. owned 0.20% of First Trust Short Duration Managed Municipal ETF worth $828,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the fourth quarter worth about $31,027,000. LPL Financial LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 11.8% during the 4th quarter. LPL Financial LLC now owns 1,318,387 shares of the company’s stock worth $26,157,000 after purchasing an additional 138,848 shares in the last quarter. PFS Partners LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 17.3% during the 4th quarter. PFS Partners LLC now owns 752,860 shares of the company’s stock worth $14,937,000 after purchasing an additional 111,034 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 732,127 shares of the company’s stock worth $14,525,000 after purchasing an additional 5,450 shares during the last quarter. Finally, RMR Wealth Builders lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.9% in the fourth quarter. RMR Wealth Builders now owns 712,254 shares of the company’s stock valued at $14,131,000 after purchasing an additional 6,133 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1 %

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $19.90 on Thursday. The stock has a fifty day simple moving average of $19.92 and a 200 day simple moving average of $19.93. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.65 and a 12-month high of $20.11.

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.