Insight Inv LLC grew its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 50.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,275 shares of the company’s stock after purchasing an additional 9,475 shares during the period. Insight Inv LLC owned about 0.28% of First Trust Ultra Short Duration Municipal ETF worth $568,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of FUMB. Concurrent Investment Advisors LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at about $229,000. Benjamin Edwards Inc. acquired a new position in First Trust Ultra Short Duration Municipal ETF during the third quarter worth $276,000. International Assets Investment Management LLC bought a new position in First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at about $452,000. Core Wealth Partners LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 3rd quarter worth about $483,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 50.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 24,700 shares of the company’s stock valued at $497,000 after acquiring an additional 8,319 shares during the last quarter.
First Trust Ultra Short Duration Municipal ETF Stock Down 0.0 %
NYSEARCA FUMB opened at $20.08 on Friday. The company has a fifty day simple moving average of $20.10 and a 200 day simple moving average of $20.12. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $20.00 and a 1 year high of $20.18.
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.
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