Jane Street Group LLC Sells 26,458 Shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Jane Street Group LLC trimmed its holdings in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 41.0% in the third quarter, HoldingsChannel.com reports. The fund owned 38,051 shares of the company’s stock after selling 26,458 shares during the period. Jane Street Group LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at $1,528,000. Prospera Financial Services Inc bought a new position in First Trust Ultra Short Duration Municipal ETF during the third quarter valued at about $643,000. Mainsail Financial Group LLC increased its holdings in First Trust Ultra Short Duration Municipal ETF by 9.7% during the third quarter. Mainsail Financial Group LLC now owns 273,196 shares of the company’s stock worth $5,499,000 after buying an additional 24,164 shares during the last quarter. Core Wealth Partners LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the third quarter worth about $483,000. Finally, Benjamin Edwards Inc. purchased a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at about $276,000.

First Trust Ultra Short Duration Municipal ETF Price Performance

First Trust Ultra Short Duration Municipal ETF stock opened at $20.07 on Friday. The firm has a 50 day moving average price of $20.09 and a 200-day moving average price of $20.12. First Trust Ultra Short Duration Municipal ETF has a twelve month low of $20.00 and a twelve month high of $20.18.

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.