Mattern Wealth Management LLC Reduces Stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Mattern Wealth Management LLC trimmed its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 45,971 shares of the company’s stock after selling 1,333 shares during the quarter. Mattern Wealth Management LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $924,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised 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 worth $4,412,000 after acquiring an additional 75,592 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.9% in the 2nd quarter. Cetera Investment Advisers now owns 73,538 shares of the company’s stock valued at $1,475,000 after purchasing an additional 2,092 shares during the last quarter. Stephens Inc. AR grew its position in First Trust Ultra Short Duration Municipal ETF by 17.2% during the third quarter. Stephens Inc. AR now owns 41,611 shares of the company’s stock valued at $837,000 after acquiring an additional 6,095 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the third quarter worth $276,000. Finally, Prospera Financial Services Inc purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF in the third quarter valued at $643,000.

First Trust Ultra Short Duration Municipal ETF Price Performance

NYSEARCA:FUMB opened at $20.10 on Tuesday. First Trust Ultra Short Duration Municipal ETF has a 1-year low of $20.00 and a 1-year high of $20.18. The firm has a 50-day moving average of $20.10 and a two-hundred day moving average of $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.