White Wing Wealth Management Invests $1.60 Million in First Trust Ultra Short Duration Municipal ETF $FUMB

White Wing Wealth Management acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the second quarter, HoldingsChannel reports. The fund acquired 79,877 shares of the company’s stock, valued at approximately $1,602,000. First Trust Ultra Short Duration Municipal ETF accounts for approximately 0.8% of White Wing Wealth Management’s holdings, making the stock its 18th largest holding.

Several other institutional investors also recently bought and sold shares of FUMB. Dynamic Advisor Solutions LLC increased its holdings in First Trust Ultra Short Duration Municipal ETF by 19.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 35,427 shares of the company’s stock valued at $710,000 after buying an additional 5,890 shares during the period. CoreCap Advisors LLC lifted its holdings in First Trust Ultra Short Duration Municipal ETF by 30.6% during the second quarter. CoreCap Advisors LLC now owns 7,894 shares of the company’s stock worth $158,000 after buying an additional 1,849 shares during the period. Parallel Advisors LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at $216,000. Norris Financial Group LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at $545,000. Finally, IMG Wealth Management Inc. increased its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 96.4% in the 1st quarter. IMG Wealth Management Inc. now owns 2,712 shares of the company’s stock valued at $54,000 after acquiring an additional 1,331 shares during the period.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0%

Shares of NYSEARCA:FUMB opened at $20.08 on Friday. First Trust Ultra Short Duration Municipal ETF has a 12-month low of $19.98 and a 12-month high of $20.72. The business’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $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.