Raymond James Financial Inc. bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 252,346 shares of the company’s stock, valued at approximately $5,070,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Siligmueller & Norvid Wealth Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at about $1,631,000. Sigma Planning Corp increased its stake in First Trust Ultra Short Duration Municipal ETF by 31.8% during the 4th quarter. Sigma Planning Corp now owns 78,211 shares of the company’s stock valued at $1,571,000 after purchasing an additional 18,868 shares in the last quarter. Advyzon Investment Management LLC purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF in the fourth quarter worth $306,000. WealthBridge Capital Management LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 22.2% during the fourth quarter. WealthBridge Capital Management LLC now owns 30,925 shares of the company’s stock worth $621,000 after buying an additional 5,626 shares during the period. Finally, Csenge Advisory Group grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 3.6% during the fourth quarter. Csenge Advisory Group now owns 29,000 shares of the company’s stock valued at $583,000 after buying an additional 1,000 shares during the last quarter.
First Trust Ultra Short Duration Municipal ETF Trading Up 0.0 %
Shares of NYSEARCA:FUMB opened at $20.12 on Wednesday. First Trust Ultra Short Duration Municipal ETF has a twelve month low of $20.00 and a twelve month high of $20.18. The company’s 50 day moving average is $20.11 and its 200 day moving average is $20.11.
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.
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