Castle Wealth Management LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,788 shares of the company’s stock, valued at approximately $295,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in First Trust Short Duration Managed Municipal ETF by 183.8% in the 4th quarter. Private Trust Co. NA now owns 1,748 shares of the company’s stock valued at $35,000 after purchasing an additional 1,132 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in First Trust Short Duration Managed Municipal ETF in the 1st quarter valued at approximately $36,000. JPMorgan Chase & Co. bought a new position in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at approximately $47,000. NBC Securities Inc. bought a new position in First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at approximately $77,000. Finally, Coppell Advisory Solutions LLC bought a new position in First Trust Short Duration Managed Municipal ETF in the 2nd quarter valued at approximately $106,000.
First Trust Short Duration Managed Municipal ETF Price Performance
NYSEARCA:FSMB traded down $0.02 on Friday, hitting $19.77. The company had a trading volume of 64,769 shares, compared to its average volume of 98,568. The firm has a 50 day moving average of $19.86 and a two-hundred day moving average of $19.76. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.31 and a 52 week high of $19.98.
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.
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