Castle Wealth Management LLC Takes $295,000 Position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Castle Wealth Management LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,788 shares of the company’s stock, valued at approximately $295,000. Castle Wealth Management LLC owned 0.07% of First Trust Short Duration Managed Municipal ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 22.0% in the 4th quarter. Morgan Stanley now owns 3,088,334 shares of the company’s stock valued at $60,964,000 after buying an additional 556,817 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in First Trust Short Duration Managed Municipal ETF by 0.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,284,330 shares of the company’s stock valued at $24,897,000 after acquiring an additional 4,914 shares in the last quarter. PFS Partners LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 37,684.8% in the 4th quarter. PFS Partners LLC now owns 567,527 shares of the company’s stock valued at $11,322,000 after acquiring an additional 566,025 shares in the last quarter. HighTower Advisors LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 19.8% in the 3rd quarter. HighTower Advisors LLC now owns 560,311 shares of the company’s stock valued at $10,860,000 after acquiring an additional 92,423 shares in the last quarter. Finally, TruWealth Advisors LLC lifted its position in First Trust Short Duration Managed Municipal ETF by 3.9% in the 4th quarter. TruWealth Advisors LLC now owns 522,342 shares of the company’s stock valued at $10,421,000 after acquiring an additional 19,610 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1 %

FSMB traded down $0.02 during trading on Friday, hitting $19.77. The company had a trading volume of 64,769 shares, compared to its average volume of 98,568. First Trust Short Duration Managed Municipal ETF has a one year low of $19.31 and a one year high of $19.98. The firm’s 50-day moving average price is $19.86 and its 200 day moving average price is $19.76.

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.