Iams Wealth Management LLC Buys 1,210 Shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Iams Wealth Management LLC lifted its stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.2% during the 1st quarter, Holdings Channel reports. The firm owned 14,321 shares of the company’s stock after acquiring an additional 1,210 shares during the period. Iams Wealth Management LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $285,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Francis Financial Inc. lifted its holdings in First Trust Short Duration Managed Municipal ETF by 8.0% during the first quarter. Francis Financial Inc. now owns 43,332 shares of the company’s stock worth $859,000 after acquiring an additional 3,219 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in First Trust Short Duration Managed Municipal ETF by 19.3% during the first quarter. Pinnacle Bancorp Inc. now owns 7,433 shares of the company’s stock worth $147,000 after acquiring an additional 1,205 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,861 shares of the company’s stock worth $652,000 after acquiring an additional 675 shares in the last quarter. PFS Partners LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 9.3% during the first quarter. PFS Partners LLC now owns 620,107 shares of the company’s stock worth $12,300,000 after acquiring an additional 52,580 shares in the last quarter. Finally, Hobart Private Capital LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 19.3% during the first quarter. Hobart Private Capital LLC now owns 35,428 shares of the company’s stock worth $703,000 after acquiring an additional 5,737 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB stock traded up $0.01 during midday trading on Tuesday, hitting $19.75. 17,868 shares of the company’s stock were exchanged, compared to its average volume of 94,195. The stock’s fifty day moving average price is $19.76 and its 200-day moving average price is $19.84. First Trust Short Duration Managed Municipal ETF has a one year low of $19.31 and a one year high of $19.97.

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.