XML Financial LLC decreased its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 476,298 shares of the company’s stock after selling 30,884 shares during the quarter. XML Financial LLC owned about 3.99% of First Trust Ultra Short Duration Municipal ETF worth $9,555,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. WealthBridge Capital Management LLC boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.0% in the 4th quarter. WealthBridge Capital Management LLC now owns 44,253 shares of the company’s stock worth $888,000 after purchasing an additional 848 shares during the period. Prospera Financial Services Inc boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 2.5% during the 4th quarter. Prospera Financial Services Inc now owns 39,578 shares of the company’s stock valued at $794,000 after acquiring an additional 951 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 0.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 145,301 shares of the company’s stock valued at $2,915,000 after acquiring an additional 1,339 shares during the period. International Assets Investment Management LLC boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 6.2% during the 4th quarter. International Assets Investment Management LLC now owns 23,900 shares of the company’s stock valued at $479,000 after acquiring an additional 1,400 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at $29,000.
First Trust Ultra Short Duration Municipal ETF Stock Performance
FUMB opened at $20.07 on Friday. The business has a fifty day moving average of $20.06 and a 200 day moving average of $20.08. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $20.01 and a 52-week high of $20.72.
About First Trust Ultra Short Duration Municipal ETF
The First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation. FUMB was launched on Nov 1, 2018 and is managed by First Trust.
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