VCI Wealth Management LLC Has $300,000 Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

VCI Wealth Management LLC cut its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,946 shares of the company’s stock after selling 903 shares during the quarter. VCI Wealth Management LLC owned approximately 0.15% of First Trust Ultra Short Duration Municipal ETF worth $300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 2nd quarter valued at about $1,528,000. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 75,592 shares during the period. Prospera Financial Services Inc acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at about $643,000. Mainsail Financial Group LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 9.7% in the 3rd quarter. Mainsail Financial Group LLC now owns 273,196 shares of the company’s stock valued at $5,499,000 after purchasing an additional 24,164 shares during the period. Finally, Core Wealth Partners LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at about $483,000.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of NYSEARCA:FUMB opened at $20.10 on Tuesday. The business’s 50-day moving average is $20.10 and its 200-day moving average is $20.12. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $20.00 and a 1 year 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.