Capital Investment Advisory Services LLC Invests $309,000 in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Capital Investment Advisory Services LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,400 shares of the company’s stock, valued at approximately $309,000. Capital Investment Advisory Services LLC owned 0.11% of First Trust Ultra Short Duration Municipal ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Gradient Investments LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 398.8% in the 3rd quarter. Gradient Investments LLC now owns 9,661 shares of the company’s stock worth $192,000 after purchasing an additional 7,724 shares during the period. Hobart Private Capital LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth approximately $219,000. Naples Global Advisors LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth approximately $231,000. Harbour Investments Inc. lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 10.2% in the 3rd quarter. Harbour Investments Inc. now owns 13,811 shares of the company’s stock worth $275,000 after purchasing an additional 1,277 shares during the period. Finally, NewEdge Wealth LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 3rd quarter worth approximately $332,000.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.1 %

NYSEARCA FUMB opened at $20.03 on Wednesday. The company has a 50 day moving average price of $20.06 and a 200 day moving average price of $20.04. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.88 and a 52 week high of $20.13.

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.