Castle Wealth Management LLC Makes New Investment in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB)

Castle Wealth Management LLC acquired a new position in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) in the fourth quarter, Holdings Channel reports. The fund acquired 11,748 shares of the company’s stock, valued at approximately $233,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Avaii Wealth Management LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 63.0% during the 3rd quarter. Avaii Wealth Management LLC now owns 20,135 shares of the company’s stock valued at $403,000 after acquiring an additional 7,780 shares during the period. TruWealth Advisors LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 1.8% during the 3rd quarter. TruWealth Advisors LLC now owns 543,833 shares of the company’s stock valued at $10,882,000 after acquiring an additional 9,720 shares during the period. Silver Oak Securities Incorporated bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at approximately $390,000. Stephens Inc. AR grew its position in shares of First Trust Short Duration Managed Municipal ETF by 17.9% during the 3rd quarter. Stephens Inc. AR now owns 116,454 shares of the company’s stock valued at $2,330,000 after acquiring an additional 17,700 shares during the period. Finally, Concurrent Investment Advisors LLC grew its position in shares of First Trust Short Duration Managed Municipal ETF by 57.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,716 shares of the company’s stock valued at $815,000 after acquiring an additional 14,783 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

First Trust Short Duration Managed Municipal ETF stock opened at $19.89 on Thursday. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.65 and a twelve month high of $20.11. The firm has a 50 day moving average price of $19.88 and a 200-day moving average price of $19.94.

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.