Kestra Private Wealth Services LLC increased its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 36.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,400 shares of the company’s stock after buying an additional 36,498 shares during the period. Kestra Private Wealth Services LLC owned 1.17% of First Trust Ultra Short Duration Municipal ETF worth $2,756,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of FUMB. Newbridge Financial Services Group Inc. acquired a new stake in First Trust Ultra Short Duration Municipal ETF during the 2nd quarter worth about $29,000. Advisory Services Network LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at about $77,000. CoreCap Advisors LLC boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 250.6% during the 4th quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock valued at $89,000 after purchasing an additional 3,177 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at about $103,000. Finally, Benjamin Edwards Inc. acquired a new stake in First Trust Ultra Short Duration Municipal ETF during the second quarter worth approximately $249,000.
First Trust Ultra Short Duration Municipal ETF Stock Performance
Shares of FUMB stock opened at $20.03 on Thursday. The stock has a 50 day simple moving average of $20.09 and a two-hundred day simple moving average of $20.09. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $20.02 and a fifty-two week high of $20.72.
First Trust Ultra Short Duration Municipal ETF Company 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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