Castle Wealth Management LLC Buys 25,739 Shares of First Trust Short Duration Managed Municipal ETF $FSMB

Castle Wealth Management LLC raised its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 98.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 51,942 shares of the company’s stock after acquiring an additional 25,739 shares during the period. Castle Wealth Management LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $1,037,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSMB. TrueWealth Financial Partners acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $4,044,000. Pursuit Wealth Management LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth $2,170,000. MGO One Seven LLC purchased a new position in First Trust Short Duration Managed Municipal ETF during the 4th quarter worth $1,772,000. Fifth Third Bancorp bought a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 1st quarter worth $1,735,000. Finally, RMR Wealth Builders grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 8.4% in the 4th quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock worth $20,510,000 after acquiring an additional 79,371 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB stock traded up $0.01 on Friday, hitting $20.00. The stock had a trading volume of 157,354 shares, compared to its average volume of 150,833. The business has a 50 day moving average of $19.99 and a 200 day moving average of $20.05. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.85 and a 12-month high of $20.25.

First Trust Short Duration Managed Municipal ETF Company 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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.