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

Iams Wealth Management LLC grew its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 9.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,321 shares of the company’s stock after buying an additional 1,210 shares during the period. Iams Wealth Management LLC owned 0.07% of First Trust Short Duration Managed Municipal ETF worth $285,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FSMB. PFS Partners LLC raised its position in First Trust Short Duration Managed Municipal ETF by 37,684.8% during the 4th quarter. PFS Partners LLC now owns 567,527 shares of the company’s stock worth $11,322,000 after buying an additional 566,025 shares during the last quarter. RMR Wealth Builders raised its position in First Trust Short Duration Managed Municipal ETF by 26.9% during the 1st quarter. RMR Wealth Builders now owns 608,433 shares of the company’s stock worth $12,068,000 after buying an additional 129,078 shares during the last quarter. Allworth Financial LP raised its position in First Trust Short Duration Managed Municipal ETF by 182.5% during the 4th quarter. Allworth Financial LP now owns 146,906 shares of the company’s stock worth $2,931,000 after buying an additional 94,910 shares during the last quarter. International Assets Investment Management LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $1,539,000. Finally, Francis Financial Inc. purchased a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth approximately $800,000.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of NYSEARCA:FSMB traded up $0.01 during trading on Tuesday, hitting $19.75. 17,868 shares of the stock traded hands, compared to its average volume of 94,195. The company has a fifty day moving average price of $19.76 and a two-hundred day moving average price of $19.84. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.31 and a 52-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.