Hedeker Wealth LLC Trims Stock Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Hedeker Wealth LLC reduced its stake in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,125 shares of the company’s stock after selling 1,276 shares during the quarter. Hedeker Wealth LLC owned approximately 0.13% of First Trust Short Duration Managed Municipal ETF worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FSMB. Naviter Wealth LLC bought a new position in First Trust Short Duration Managed Municipal ETF in the 1st quarter worth about $965,000. Iams Wealth Management LLC raised its position in First Trust Short Duration Managed Municipal ETF by 9.2% in the 1st quarter. Iams Wealth Management LLC now owns 14,321 shares of the company’s stock worth $285,000 after buying an additional 1,210 shares during the last quarter. Francis Financial Inc. raised its position in First Trust Short Duration Managed Municipal ETF by 8.0% in the 1st quarter. Francis Financial Inc. now owns 43,332 shares of the company’s stock worth $859,000 after buying an additional 3,219 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in First Trust Short Duration Managed Municipal ETF by 19.3% in the 1st quarter. Pinnacle Bancorp Inc. now owns 7,433 shares of the company’s stock worth $147,000 after buying an additional 1,205 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of First Trust Short Duration Managed Municipal ETF by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,861 shares of the company’s stock valued at $652,000 after purchasing an additional 675 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA FSMB traded up $0.02 during midday trading on Wednesday, hitting $19.77. 5,314 shares of the company’s stock traded hands, compared to its average volume of 94,056. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.31 and a 1 year high of $19.97. The firm has a fifty day moving average of $19.76 and a 200 day moving average of $19.84.

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.