Hedeker Wealth LLC Reduces Holdings in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Hedeker Wealth LLC trimmed its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 4.3% in the 1st quarter, Holdings Channel reports. The firm owned 28,125 shares of the company’s stock after selling 1,276 shares during the period. Hedeker Wealth LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $558,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake in First Trust Short Duration Managed Municipal ETF by 183.8% during the fourth quarter. Private Trust Co. NA now owns 1,748 shares of the company’s stock worth $35,000 after buying an additional 1,132 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth $35,000. EdgeRock Capital LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth $102,000. Capital Investment Advisory Services LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 109.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,650 shares of the company’s stock worth $113,000 after buying an additional 2,950 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in First Trust Short Duration Managed Municipal ETF by 19.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,260 shares of the company’s stock worth $145,000 after buying an additional 1,205 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA FSMB traded up $0.02 on Wednesday, reaching $19.77. 5,314 shares of the company were exchanged, compared to its average volume of 94,056. The business’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 fifty-two week low of $19.31 and a fifty-two week 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.