First Trust Ultra Short Duration Municipal ETF $FUMB Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 62.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,703 shares of the company’s stock after acquiring an additional 15,285 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FUMB. XML Financial LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter valued at approximately $9,679,000. Royal Bank of Canada increased 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 period. Truist Financial Corp grew its position in First Trust Ultra Short Duration Municipal ETF by 636.1% in the second quarter. Truist Financial Corp now owns 119,557 shares of the company’s stock worth $2,403,000 after buying an additional 103,315 shares during the last quarter. Insight Inv LLC grew its position in First Trust Ultra Short Duration Municipal ETF by 297.7% in the first quarter. Insight Inv LLC now owns 112,445 shares of the company’s stock worth $2,260,000 after buying an additional 84,170 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF in the second quarter worth approximately $371,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

First Trust Ultra Short Duration Municipal ETF stock opened at $20.10 on Monday. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.91 and a 1 year high of $20.23. The firm’s 50 day moving average price is $20.13 and its two-hundred day moving average price is $20.11.

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.