First Trust Short Duration Managed Municipal ETF $FSMB Position Increased by RFG Advisory LLC

RFG Advisory LLC increased its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,395 shares of the company’s stock after purchasing an additional 3,519 shares during the period. RFG Advisory LLC owned 0.19% of First Trust Short Duration Managed Municipal ETF worth $904,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 0.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 118,889 shares of the company’s stock worth $2,366,000 after purchasing an additional 604 shares during the last quarter. IFP Advisors Inc increased its position in First Trust Short Duration Managed Municipal ETF by 6.6% in the 2nd quarter. IFP Advisors Inc now owns 102,208 shares of the company’s stock valued at $2,034,000 after acquiring an additional 6,299 shares during the period. Prime Capital Investment Advisors LLC increased its position in First Trust Short Duration Managed Municipal ETF by 2.1% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 28,264 shares of the company’s stock valued at $563,000 after acquiring an additional 591 shares during the period. Simplicity Wealth LLC increased its position in First Trust Short Duration Managed Municipal ETF by 100.0% in the 2nd quarter. Simplicity Wealth LLC now owns 28,402 shares of the company’s stock valued at $565,000 after acquiring an additional 14,201 shares during the period. Finally, Genesis Private Wealth LLC increased its position in First Trust Short Duration Managed Municipal ETF by 5.7% in the 2nd quarter. Genesis Private Wealth LLC now owns 59,446 shares of the company’s stock valued at $1,183,000 after acquiring an additional 3,205 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB opened at $20.12 on Friday. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.47 and a 12 month high of $20.21. The stock’s 50 day moving average price is $20.08 and its 200 day moving average price is $19.92.

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.