Core Wealth Partners LLC Boosts Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Core Wealth Partners LLC raised its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,231 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Core Wealth Partners LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FUMB. Rockefeller Capital Management L.P. grew its position in First Trust Ultra Short Duration Municipal ETF by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 515,952 shares of the company’s stock valued at $10,377,000 after buying an additional 3,419 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at $5,070,000. Nilsine Partners LLC increased its stake in shares of First Trust Ultra Short Duration Municipal ETF by 6.8% in the 4th quarter. Nilsine Partners LLC now owns 234,950 shares of the company’s stock worth $4,720,000 after purchasing an additional 15,058 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in First Trust Ultra Short Duration Municipal ETF by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 222,274 shares of the company’s stock worth $4,465,000 after purchasing an additional 5,454 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in First Trust Ultra Short Duration Municipal ETF by 52.6% during the third 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 in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB opened at $20.12 on Wednesday. The business has a 50-day simple moving average of $20.11 and a two-hundred day simple moving average of $20.11. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $20.00 and a 52 week high of $20.18.

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.