Capital Investment Advisory Services LLC grew its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 5.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,802 shares of the company’s stock after buying an additional 1,459 shares during the period. Capital Investment Advisory Services LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $538,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in FUMB. Concurrent Investment Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter worth approximately $229,000. Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at $244,000. Benjamin Edwards Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at $276,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at $452,000. Finally, Core Wealth Partners LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at $483,000.
First Trust Ultra Short Duration Municipal ETF Stock Performance
Shares of FUMB stock opened at $20.10 on Friday. The firm has a fifty day simple moving average of $20.10 and a two-hundred day simple moving average of $20.12. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $20.00 and a 12 month high of $20.18.
First Trust Ultra Short Duration Municipal ETF Profile
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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Want to see what other hedge funds are holding FUMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report).
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