XML Financial LLC increased its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 10.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 526,024 shares of the company’s stock after acquiring an additional 49,726 shares during the period. XML Financial LLC owned approximately 4.42% of First Trust Ultra Short Duration Municipal ETF worth $10,547,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of FUMB. Rockefeller Capital Management L.P. boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 38.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 124,464 shares of the company’s stock valued at $2,497,000 after purchasing an additional 34,765 shares during the period. Advisory Services Network LLC increased its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 269.6% in the fourth quarter. Advisory Services Network LLC now owns 14,176 shares of the company’s stock worth $284,000 after purchasing an additional 10,340 shares during the period. Rothschild Wealth LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF in the fourth quarter worth $1,292,000. Capital Financial Group Inc. Co. ADV purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the fourth quarter worth $1,687,000. Finally, Stifel Financial Corp raised its position in shares of First Trust Ultra Short Duration Municipal ETF by 2.0% in the fourth quarter. Stifel Financial Corp now owns 68,101 shares of the company’s stock worth $1,366,000 after buying an additional 1,353 shares in the last quarter.
First Trust Ultra Short Duration Municipal ETF Price Performance
NYSEARCA:FUMB opened at $20.08 on Monday. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $20.01 and a 52-week high of $20.72. The stock 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 Profile
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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