XML Financial LLC reduced its position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 97.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,618 shares of the company’s stock after selling 514,406 shares during the period. XML Financial LLC owned about 0.09% of First Trust Ultra Short Duration Municipal ETF worth $233,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Compass Financial Management LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF during the second quarter worth approximately $183,000. White Wing Wealth Management bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter worth approximately $1,602,000. Dynamic Advisor Solutions LLC boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 19.9% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 35,427 shares of the company’s stock worth $710,000 after acquiring an additional 5,890 shares during the period. CoreCap Advisors LLC boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 30.6% during the 2nd quarter. CoreCap Advisors LLC now owns 7,894 shares of the company’s stock worth $158,000 after acquiring an additional 1,849 shares during the period. Finally, Parallel Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 1st quarter worth approximately $216,000.
First Trust Ultra Short Duration Municipal ETF Stock Performance
FUMB opened at $20.06 on Friday. First Trust Ultra Short Duration Municipal ETF has a 1-year low of $19.98 and a 1-year high of $20.72. The stock’s fifty day simple moving average is $20.06 and its 200 day simple moving average is $20.07.
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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