VCI Wealth Management LLC Purchases Shares of 12,551 First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

VCI Wealth Management LLC bought a new position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,551 shares of the company’s stock, valued at approximately $252,000. VCI Wealth Management LLC owned about 0.09% of First Trust Ultra Short Duration Municipal ETF as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Total Clarity Wealth Management Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at approximately $360,000. White Wing Wealth Management purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter worth $1,239,000. GSG Advisors LLC boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 20.6% during the fourth quarter. GSG Advisors LLC now owns 62,838 shares of the company’s stock worth $1,261,000 after buying an additional 10,748 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 8.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 524,677 shares of the company’s stock valued at $10,525,000 after purchasing an additional 39,074 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at $756,000.

First Trust Ultra Short Duration Municipal ETF Stock Down 0.0 %

First Trust Ultra Short Duration Municipal ETF stock traded down $0.01 during midday trading on Friday, reaching $20.03. The company’s stock had a trading volume of 42,705 shares, compared to its average volume of 61,770. 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. The business has a 50-day simple moving average of $20.06 and a 200-day simple moving average of $20.04.

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.