Modern Wealth Management LLC Sells 31,277 Shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Modern Wealth Management LLC lessened its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 43.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 40,549 shares of the company’s stock after selling 31,277 shares during the quarter. Modern Wealth Management LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter worth approximately $5,070,000. Independent Advisor Alliance acquired a new stake in First Trust Ultra Short Duration Municipal ETF during the 4th quarter worth approximately $3,921,000. Siligmueller & Norvid Wealth Advisors LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the 4th quarter valued at $1,631,000. JPMorgan Chase & Co. grew its holdings in First Trust Ultra Short Duration Municipal ETF by 52.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,355 shares of the company’s stock valued at $4,412,000 after buying an additional 75,592 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in First Trust Ultra Short Duration Municipal ETF during the 4th quarter worth $452,000.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.12 on Thursday. The firm has a 50-day moving average of $20.11 and a 200-day moving average of $20.11. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $20.00 and a 52-week high of $20.18.

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.