Sigma Planning Corp raised its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 69.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,360 shares of the company’s stock after buying an additional 18,979 shares during the quarter. Sigma Planning Corp owned 0.27% of First Trust Ultra Short Duration Municipal ETF worth $926,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in First Trust Ultra Short Duration Municipal ETF by 35.3% in the fourth quarter. Morgan Stanley now owns 1,979,829 shares of the company’s stock worth $39,498,000 after purchasing an additional 516,329 shares during the period. HighTower Advisors LLC boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 1,098,463 shares of the company’s stock valued at $21,913,000 after purchasing an additional 44,787 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 585,234 shares of the company’s stock valued at $11,684,000 after purchasing an additional 14,217 shares during the period. Atlas Private Wealth Management raised its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 22.2% in the 1st quarter. Atlas Private Wealth Management now owns 358,969 shares of the company’s stock worth $7,167,000 after buying an additional 65,094 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 89.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 310,168 shares of the company’s stock worth $6,187,000 after buying an additional 146,332 shares during the period.
First Trust Ultra Short Duration Municipal ETF Stock Performance
Shares of NYSEARCA:FUMB opened at $19.96 on Thursday. The business’s fifty day moving average price is $19.97 and its two-hundred day moving average price is $19.96. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $19.79 and a fifty-two week high of $20.05.
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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