NewEdge Advisors LLC Sells 410,113 Shares of First Trust Ultra Short Duration Municipal ETF $FUMB

NewEdge Advisors LLC lowered its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 62.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,744 shares of the company’s stock after selling 410,113 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $5,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FUMB. WealthBridge Capital Management LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 2.0% in the 4th quarter. WealthBridge Capital Management LLC now owns 44,253 shares of the company’s stock worth $888,000 after purchasing an additional 848 shares during the period. Advyzon Investment Management LLC increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 6.3% during the fourth quarter. Advyzon Investment Management LLC now owns 14,402 shares of the company’s stock valued at $289,000 after buying an additional 850 shares during the period. Prospera Financial Services Inc increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 2.5% during the fourth quarter. Prospera Financial Services Inc now owns 39,578 shares of the company’s stock valued at $794,000 after buying an additional 951 shares during the period. IMG Wealth Management Inc. raised its stake in First Trust Ultra Short Duration Municipal ETF by 96.4% in the first quarter. IMG Wealth Management Inc. now owns 2,712 shares of the company’s stock worth $54,000 after buying an additional 1,331 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in First Trust Ultra Short Duration Municipal ETF by 0.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 145,301 shares of the company’s stock worth $2,915,000 after buying an additional 1,339 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB opened at $20.05 on Friday. The company has a 50-day simple moving average of $20.07 and a two-hundred day simple moving average of $20.08. First Trust Ultra Short Duration Municipal ETF has a one year low of $19.98 and a one year high of $20.72.

About First Trust Ultra Short Duration Municipal ETF

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.