XML Financial LLC Sells 514,406 Shares of First Trust Ultra Short Duration Municipal ETF $FUMB

XML Financial LLC cut its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 97.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,618 shares of the company’s stock after selling 514,406 shares during the period. XML Financial LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $233,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of First Trust Ultra Short Duration Municipal ETF by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 688,251 shares of the company’s stock valued at $13,806,000 after purchasing an additional 74,572 shares during the last quarter. Royal Bank of Canada increased its position in First Trust Ultra Short Duration Municipal ETF by 49.1% during the 1st quarter. Royal Bank of Canada now owns 331,310 shares of the company’s stock worth $6,658,000 after buying an additional 109,110 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.3% during the third quarter. Raymond James Financial Inc. now owns 282,938 shares of the company’s stock worth $5,687,000 after buying an additional 6,293 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 107.1% during the first quarter. Gateway Wealth Partners LLC now owns 260,066 shares of the company’s stock worth $5,214,000 after buying an additional 134,492 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 19.9% in the fourth quarter. JPMorgan Chase & Co. now owns 238,936 shares of the company’s stock valued at $4,793,000 after acquiring an additional 39,606 shares during the period.

First Trust Ultra Short Duration Municipal ETF Stock Performance

FUMB stock opened at $20.06 on Friday. The company’s 50-day simple moving average is $20.06 and its 200 day simple moving average is $20.07. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.98 and a 52 week high of $20.72.

First Trust Ultra Short Duration Municipal ETF Profile

(Free Report)

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.

Further Reading

• Five stocks we like better than First Trust Ultra Short Duration Municipal ETF
• The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
• NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
• Dropping the Dough: Yum! Brands Strategically Trims the Fat
• These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern

Want to see what other hedge funds are holding FUMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report).