Raymond James & Associates Has $903,000 Stock Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Raymond James & Associates reduced its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 24.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,000 shares of the company’s stock after selling 14,690 shares during the quarter. Raymond James & Associates’ holdings in First Trust Ultra Short Duration Municipal ETF were worth $903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atlas Private Wealth Management boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 4.5% in the 3rd quarter. Atlas Private Wealth Management now owns 394,114 shares of the company’s stock worth $7,851,000 after acquiring an additional 17,138 shares in the last quarter. Mainsail Financial Group LLC raised its position in First Trust Ultra Short Duration Municipal ETF by 2.4% in the 3rd quarter. Mainsail Financial Group LLC now owns 212,477 shares of the company’s stock worth $4,230,000 after purchasing an additional 4,936 shares during the last quarter. Nilsine Partners LLC raised its position in First Trust Ultra Short Duration Municipal ETF by 6.7% in the 3rd quarter. Nilsine Partners LLC now owns 200,148 shares of the company’s stock worth $3,987,000 after purchasing an additional 12,524 shares during the last quarter. Kestra Advisory Services LLC raised its position in First Trust Ultra Short Duration Municipal ETF by 22.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 124,318 shares of the company’s stock worth $2,476,000 after purchasing an additional 22,999 shares during the last quarter. Finally, GSG Advisors LLC raised its position in First Trust Ultra Short Duration Municipal ETF by 20.6% in the 4th quarter. GSG Advisors LLC now owns 62,838 shares of the company’s stock worth $1,261,000 after purchasing an additional 10,748 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0 %

Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.06 on Tuesday. The firm has a fifty day moving average of $20.06 and a two-hundred day moving average of $20.04. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.88 and a 52 week high of $20.13.

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.