Envestnet Portfolio Solutions Inc. decreased its holdings in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 24.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,503 shares of the company’s stock after selling 7,141 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $452,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in FUMB. Commonwealth Equity Services LLC grew its position in First Trust Ultra Short Duration Municipal ETF by 2.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 222,274 shares of the company’s stock worth $4,465,000 after buying an additional 5,454 shares during the last quarter. Independent Advisor Alliance acquired a new position in First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth approximately $3,921,000. Naviter Wealth LLC grew its position in First Trust Ultra Short Duration Municipal ETF by 12.2% during the 4th quarter. Naviter Wealth LLC now owns 40,375 shares of the company’s stock worth $811,000 after purchasing an additional 4,398 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at $5,070,000. Finally, Siligmueller & Norvid Wealth Advisors LLC acquired a new stake in First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at $1,631,000.
First Trust Ultra Short Duration Municipal ETF Stock Up 0.0 %
Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.12 on Wednesday. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $20.00 and a 12 month high of $20.18. The business has a fifty day simple moving average of $20.11 and a 200-day simple moving average of $20.11.
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.
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Want to see what other hedge funds are holding FUMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report).
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