First Trust Ultra Short Duration Municipal ETF $FUMB Shares Sold by Schwallier Wealth Management LLC

Schwallier Wealth Management LLC cut its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 68.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,106 shares of the company’s stock after selling 29,936 shares during the period. Schwallier Wealth Management LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $283,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FUMB. Newbridge Financial Services Group Inc. bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter valued at approximately $29,000. Tucker Asset Management LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth approximately $41,000. Advisory Services Network LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter worth approximately $77,000. CoreCap Advisors LLC boosted its position in First Trust Ultra Short Duration Municipal ETF by 250.6% during the 4th quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock valued at $89,000 after purchasing an additional 3,177 shares during the period. Finally, Fifth Third Bancorp acquired a new position in First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at approximately $190,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB opened at $20.07 on Thursday. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $19.98 and a 12 month high of $20.72. The stock has a fifty day moving average price of $20.07 and a 200 day moving average price of $20.08.

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.