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

Norris Financial Group LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 32,353 shares of the company’s stock, valued at approximately $646,000. Norris Financial Group LLC owned approximately 0.11% of First Trust Short Duration Managed Municipal ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter worth $32,000. Legacy Wealth Managment LLC ID grew its stake in First Trust Short Duration Managed Municipal ETF by 800.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after buying an additional 2,370 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in First Trust Short Duration Managed Municipal ETF by 111.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after buying an additional 1,450 shares during the last quarter. US Bancorp DE raised its holdings in First Trust Short Duration Managed Municipal ETF by 29.4% in the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after acquiring an additional 815 shares during the period. Finally, Tucker Asset Management LLC bought a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth $82,000.

First Trust Short Duration Managed Municipal ETF Price Performance

First Trust Short Duration Managed Municipal ETF stock opened at $19.88 on Friday. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.80 and a fifty-two week high of $20.25. The firm has a fifty day moving average price of $19.98 and a two-hundred day moving average price of $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.