Norris Financial Group LLC Acquires New Holdings in First Trust Ultra Short Duration Municipal ETF $FUMB

Norris Financial Group LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 27,165 shares of the company’s stock, valued at approximately $545,000. Norris Financial Group LLC owned 0.23% of First Trust Ultra Short Duration Municipal ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FUMB. Security Financial Services INC. purchased a new position in First Trust Ultra Short Duration Municipal ETF during the fourth quarter worth about $547,000. Rothschild Wealth LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 4th quarter valued at approximately $1,292,000. XML Financial LLC lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 10.4% in the 1st quarter. XML Financial LLC now owns 526,024 shares of the company’s stock worth $10,547,000 after acquiring an additional 49,726 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 43.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 199,330 shares of the company’s stock worth $4,007,000 after acquiring an additional 60,500 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter worth approximately $523,000.

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 fifty-two week low of $19.98 and a fifty-two week high of $20.72. The firm has a 50 day moving average price of $20.07 and a 200 day moving average price 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.