White Wing Wealth Management Acquires New Position in First Trust Ultra Short Duration Municipal ETF $FUMB

White Wing Wealth Management acquired a new stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 79,877 shares of the company’s stock, valued at approximately $1,602,000. First Trust Ultra Short Duration Municipal ETF accounts for approximately 0.8% of White Wing Wealth Management’s holdings, making the stock its 18th largest position. White Wing Wealth Management owned about 0.66% of First Trust Ultra Short Duration Municipal ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter valued at approximately $29,000. Tucker Asset Management LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the fourth quarter valued at approximately $41,000. IMG Wealth Management Inc. grew its stake in First Trust Ultra Short Duration Municipal ETF by 96.4% in the first quarter. IMG Wealth Management Inc. now owns 2,712 shares of the company’s stock worth $54,000 after purchasing an additional 1,331 shares in the last quarter. Advisory Services Network LLC bought a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter worth approximately $77,000. Finally, CoreCap Advisors LLC grew its stake in First Trust Ultra Short Duration Municipal ETF by 30.6% in the second quarter. CoreCap Advisors LLC now owns 7,894 shares of the company’s stock worth $158,000 after purchasing an additional 1,849 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

FUMB opened at $20.08 on Friday. The stock’s fifty day moving average is $20.07 and its two-hundred day moving average is $20.08. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.98 and a 52 week high of $20.72.

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.