JPMorgan Chase & Co. Buys 75,592 Shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

JPMorgan Chase & Co. grew its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 52.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 219,355 shares of the company’s stock after purchasing an additional 75,592 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.14% of First Trust Ultra Short Duration Municipal ETF worth $4,412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FUMB. Concurrent Investment Advisors LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at $229,000. Benjamin Edwards Inc. purchased a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at $276,000. Core Wealth Partners LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF during the third quarter worth approximately $483,000. Thrivent Financial for Lutherans raised its position in First Trust Ultra Short Duration Municipal ETF by 50.8% during the third quarter. Thrivent Financial for Lutherans now owns 24,700 shares of the company’s stock worth $497,000 after acquiring an additional 8,319 shares during the period. Finally, WealthBridge Capital Management LLC boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 60.3% in the 3rd quarter. WealthBridge Capital Management LLC now owns 25,299 shares of the company’s stock worth $509,000 after buying an additional 9,518 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Down 0.0 %

Shares of FUMB opened at $20.13 on Friday. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $20.00 and a 52-week high of $20.18. The firm’s fifty day moving average is $20.10 and its two-hundred day moving average is $20.12.

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.