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

Schwallier Wealth Management LLC cut its position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 68.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,106 shares of the company’s stock after selling 29,936 shares during the quarter. Schwallier Wealth Management LLC owned 0.12% of First Trust Ultra Short Duration Municipal ETF worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FUMB. Wells Fargo & Company MN lifted its holdings in First Trust Ultra Short Duration Municipal ETF by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 688,251 shares of the company’s stock worth $13,806,000 after buying an additional 74,572 shares in the last quarter. XML Financial LLC grew its stake in shares of First Trust Ultra Short Duration Municipal ETF by 10.4% during the first quarter. XML Financial LLC now owns 526,024 shares of the company’s stock valued at $10,547,000 after acquiring an additional 49,726 shares in the last quarter. Royal Bank of Canada increased its position 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 worth $6,658,000 after acquiring an additional 109,110 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 2.3% during the third quarter. Raymond James Financial Inc. now owns 282,938 shares of the company’s stock worth $5,687,000 after acquiring an additional 6,293 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 19.9% in the fourth quarter. JPMorgan Chase & Co. now owns 238,936 shares of the company’s stock worth $4,793,000 after acquiring an additional 39,606 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

FUMB stock opened at $20.07 on Thursday. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $19.98 and a 52-week high of $20.72. The stock’s 50 day moving average is $20.07 and its two-hundred day moving average is $20.08.

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. FUMB was launched on Nov 1, 2018 and is managed by First Trust.