Castle Wealth Management LLC Has $363,000 Position in First Trust Short Duration Managed Municipal ETF $FSMB

Castle Wealth Management LLC raised its position in shares of First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) by 55.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,248 shares of the company’s stock after acquiring an additional 6,500 shares during the period. Castle Wealth Management LLC’s holdings in First Trust Short Duration Managed Municipal ETF were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Prime Capital Investment Advisors LLC increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 2.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 28,264 shares of the company’s stock worth $563,000 after acquiring an additional 591 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 0.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 118,889 shares of the company’s stock worth $2,366,000 after acquiring an additional 604 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 3.7% in the first quarter. Capital Investment Advisory Services LLC now owns 17,244 shares of the company’s stock worth $343,000 after acquiring an additional 612 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 29.7% in the second quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock worth $103,000 after acquiring an additional 1,180 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV increased its position in First Trust Short Duration Managed Municipal ETF by 3.8% during the first quarter. Arbor Capital Management Inc. ADV now owns 36,789 shares of the company’s stock worth $732,000 after buying an additional 1,362 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

First Trust Short Duration Managed Municipal ETF stock opened at $20.07 on Thursday. First Trust Short Duration Managed Municipal ETF has a one year low of $19.47 and a one year high of $20.21. The company’s fifty day moving average price is $20.08 and its two-hundred day moving average price is $19.92.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, November 3rd.

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.