NewEdge Advisors LLC Sells 410,113 Shares of First Trust Ultra Short Duration Municipal ETF $FUMB

NewEdge Advisors LLC lessened its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 62.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 250,744 shares of the company’s stock after selling 410,113 shares during the quarter. NewEdge Advisors LLC owned approximately 2.09% of First Trust Ultra Short Duration Municipal ETF worth $5,027,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in First Trust Ultra Short Duration Municipal ETF by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 688,251 shares of the company’s stock valued at $13,806,000 after buying an additional 74,572 shares during the last quarter. XML Financial LLC increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 10.4% in the first quarter. XML Financial LLC now owns 526,024 shares of the company’s stock valued at $10,547,000 after acquiring an additional 49,726 shares during the period. Royal Bank of Canada raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 49.1% during the first quarter. Royal Bank of Canada now owns 331,310 shares of the company’s stock valued at $6,658,000 after acquiring an additional 109,110 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.3% during the third quarter. Raymond James Financial Inc. now owns 282,938 shares of the company’s stock valued at $5,687,000 after acquiring an additional 6,293 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 107.1% during the first quarter. Gateway Wealth Partners LLC now owns 260,066 shares of the company’s stock worth $5,214,000 after purchasing an additional 134,492 shares during the period.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.1%

First Trust Ultra Short Duration Municipal ETF stock opened at $20.05 on Friday. First Trust Ultra Short Duration Municipal ETF has a 1-year low of $19.98 and a 1-year high of $20.72. The firm has a 50-day moving average of $20.07 and a 200-day moving average of $20.08.

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