Kestra Private Wealth Services LLC Lowers Stock Holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Kestra Private Wealth Services LLC lowered its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,193 shares of the company’s stock after selling 2,227 shares during the period. Kestra Private Wealth Services LLC owned about 0.16% of First Trust Ultra Short Duration Municipal ETF worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust Ultra Short Duration Municipal ETF by 8.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 524,677 shares of the company’s stock worth $10,525,000 after acquiring an additional 39,074 shares in the last quarter. Mainsail Financial Group LLC raised its holdings in First Trust Ultra Short Duration Municipal ETF by 2.4% during the third 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 holdings in First Trust Ultra Short Duration Municipal ETF by 0.9% during the fourth quarter. Nilsine Partners LLC now owns 201,894 shares of the company’s stock worth $4,050,000 after purchasing an additional 1,746 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in First Trust Ultra Short Duration Municipal ETF by 22.7% during the third 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, Naviter Wealth LLC raised its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 37.8% in the fourth quarter. Naviter Wealth LLC now owns 104,984 shares of the company’s stock worth $2,106,000 after acquiring an additional 28,801 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Price Performance

NYSEARCA FUMB opened at $20.06 on Tuesday. The business has a fifty day moving average of $20.06 and a 200-day moving average of $20.05. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $19.88 and a fifty-two week high of $20.13.

First Trust Ultra Short Duration Municipal ETF 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.