Gateway Wealth Partners LLC Buys 134,492 Shares of First Trust Ultra Short Duration Municipal ETF $FUMB

Gateway Wealth Partners LLC boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 107.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,066 shares of the company’s stock after purchasing an additional 134,492 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $5,214,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers increased its position in First Trust Ultra Short Duration Municipal ETF by 1.6% in the first quarter. Cetera Investment Advisers now owns 91,931 shares of the company’s stock worth $1,843,000 after buying an additional 1,491 shares in the last quarter. NewEdge Wealth LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 61.5% during the 1st quarter. NewEdge Wealth LLC now owns 16,639 shares of the company’s stock valued at $334,000 after buying an additional 6,338 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at approximately $216,000. Fifth Third Bancorp bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at approximately $190,000. Finally, Kestra Advisory Services LLC increased its holdings in First Trust Ultra Short Duration Municipal ETF by 16.2% in the 1st quarter. Kestra Advisory Services LLC now owns 124,580 shares of the company’s stock worth $2,498,000 after acquiring an additional 17,337 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Price Performance

First Trust Ultra Short Duration Municipal ETF stock opened at $20.05 on Monday. First Trust Ultra Short Duration Municipal ETF has a 12-month low of $19.98 and a 12-month high of $20.72. The firm has a 50 day moving average of $20.07 and a 200 day moving average of $20.08.

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.