White Wing Wealth Management Lowers Stock Holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

White Wing Wealth Management lowered its holdings in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 53.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,589 shares of the company’s stock after selling 33,156 shares during the quarter. First Trust Ultra Short Duration Municipal ETF makes up 0.5% of White Wing Wealth Management’s holdings, making the stock its 22nd largest position. White Wing Wealth Management’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Gradient Investments LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 5.2% in the fourth quarter. Gradient Investments LLC now owns 10,163 shares of the company’s stock valued at $204,000 after acquiring an additional 502 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 10.2% in the third quarter. Harbour Investments Inc. now owns 13,811 shares of the company’s stock valued at $275,000 after acquiring an additional 1,277 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF in the fourth quarter valued at approximately $34,000. Nilsine Partners LLC lifted its position in First Trust Ultra Short Duration Municipal ETF by 0.9% during the fourth quarter. Nilsine Partners LLC now owns 201,894 shares of the company’s stock worth $4,050,000 after buying an additional 1,746 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its stake in First Trust Ultra Short Duration Municipal ETF by 35.7% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 9,521 shares of the company’s stock worth $191,000 after buying an additional 2,503 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

NYSEARCA FUMB traded down $0.03 on Friday, reaching $20.06. 21,700 shares of the company were exchanged, compared to its average volume of 59,206. The business’s fifty day moving average price is $20.07 and its 200 day moving average price is $20.07. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $19.88 and a fifty-two week high of $20.13.

About First Trust Ultra Short Duration Municipal ETF

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.