First Trust Ultra Short Duration Municipal ETF $FUMB Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 43.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,330 shares of the company’s stock after acquiring an additional 60,500 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.84% of First Trust Ultra Short Duration Municipal ETF worth $4,007,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter worth about $29,000. Advisory Services Network LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at about $77,000. AE Wealth Management LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at about $103,000. Benjamin Edwards Inc. acquired a new position in First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at about $249,000. Finally, Baird Financial Group Inc. grew its position in First Trust Ultra Short Duration Municipal ETF by 25.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,500 shares of the company’s stock worth $251,000 after purchasing an additional 2,500 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:FUMB opened at $20.07 on Friday. The firm’s 50 day moving average is $20.11 and its two-hundred day moving average is $20.10. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.91 and a 52 week 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.