XML Financial LLC Buys 49,726 Shares of First Trust Ultra Short Duration Municipal ETF $FUMB

XML Financial LLC boosted its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 10.4% during the first quarter, HoldingsChannel reports. The firm owned 526,024 shares of the company’s stock after buying an additional 49,726 shares during the period. XML Financial LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $10,547,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. WealthBridge Capital Management LLC grew its stake in First Trust Ultra Short Duration Municipal ETF by 2.0% in the 4th quarter. WealthBridge Capital Management LLC now owns 44,253 shares of the company’s stock worth $888,000 after buying an additional 848 shares in the last quarter. Advyzon Investment Management LLC raised its position in shares of First Trust Ultra Short Duration Municipal ETF by 6.3% during the 4th quarter. Advyzon Investment Management LLC now owns 14,402 shares of the company’s stock valued at $289,000 after buying an additional 850 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.5% during the 4th quarter. Prospera Financial Services Inc now owns 39,578 shares of the company’s stock worth $794,000 after acquiring an additional 951 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 0.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 145,301 shares of the company’s stock worth $2,915,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.0% during the 4th quarter. Stifel Financial Corp now owns 68,101 shares of the company’s stock worth $1,366,000 after acquiring an additional 1,353 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:FUMB opened at $20.08 on Monday. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $20.01 and a 52-week high of $20.72. The firm has a fifty day moving average of $20.06 and a 200 day moving average of $20.08.

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. FUMB was launched on Nov 1, 2018 and is managed by First Trust.