Norris Financial Group LLC purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 27,165 shares of the company’s stock, valued at approximately $545,000.
Other hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the second quarter valued at approximately $29,000. Tucker Asset Management LLC acquired a new stake in First Trust Ultra Short Duration Municipal ETF during the 4th quarter worth approximately $41,000. IMG Wealth Management Inc. lifted its holdings in First Trust Ultra Short Duration Municipal ETF by 96.4% during the 1st 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. Advisory Services Network LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at approximately $77,000. Finally, CoreCap Advisors LLC boosted its position in First Trust Ultra Short Duration Municipal ETF by 250.6% in the 4th quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock valued at $89,000 after buying an additional 3,177 shares during the period.
First Trust Ultra Short Duration Municipal ETF Stock Performance
NYSEARCA:FUMB opened at $20.05 on Friday. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.98 and a 52 week high of $20.72. The company has a fifty 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 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. FUMB was launched on Nov 1, 2018 and is managed by First Trust.
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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).
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