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

Castle Wealth Management LLC grew its position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 98.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 51,942 shares of the company’s stock after acquiring an additional 25,739 shares during the period. Castle Wealth Management LLC owned 0.18% of First Trust Short Duration Managed Municipal ETF worth $1,037,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FSMB. Royal Bank of Canada raised its position in First Trust Short Duration Managed Municipal ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock valued at $8,445,000 after purchasing an additional 15,155 shares during the last quarter. Jane Street Group LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 205.2% during the 1st quarter. Jane Street Group LLC now owns 63,011 shares of the company’s stock worth $1,252,000 after buying an additional 42,363 shares during the period. JPMorgan Chase & Co. grew its holdings in First Trust Short Duration Managed Municipal ETF by 46.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 245,974 shares of the company’s stock worth $4,896,000 after acquiring an additional 78,417 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust Short Duration Managed Municipal ETF by 12.8% during the second quarter. NewEdge Advisors LLC now owns 417,780 shares of the company’s stock valued at $8,316,000 after acquiring an additional 47,538 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.1% during the second quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock worth $34,873,000 after purchasing an additional 53,489 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1%

NYSEARCA:FSMB traded up $0.01 during trading hours on Friday, hitting $20.00. 157,354 shares of the company were exchanged, compared to its average volume of 150,833. The company has a fifty day simple moving average of $19.99 and a 200 day simple moving average of $20.05. First Trust Short Duration Managed Municipal ETF has a one year low of $19.85 and a one year high of $20.25.

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. FSMB was launched on Nov 1, 2018 and is managed by First Trust.