Raymond James Financial Inc. lowered its position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 3.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 244,591 shares of the company’s stock after selling 7,755 shares during the period. Raymond James Financial Inc. owned 2.60% of First Trust Ultra Short Duration Municipal ETF worth $4,915,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 1st quarter worth approximately $28,000. CX Institutional acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at $46,000. Harbour Investments Inc. lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 215.7% during the 1st quarter. Harbour Investments Inc. now owns 8,550 shares of the company’s stock valued at $172,000 after acquiring an additional 5,842 shares during the period. Baird Financial Group Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at $201,000. Finally, Golden State Equity Partners acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at $208,000.
First Trust Ultra Short Duration Municipal ETF Trading Up 0.0%
First Trust Ultra Short Duration Municipal ETF stock opened at $20.12 on Friday. First Trust Ultra Short Duration Municipal ETF has a 12-month low of $19.91 and a 12-month high of $20.23. The firm’s fifty day moving average is $20.12 and its 200 day moving average is $20.10.
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.
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