Independent Advisor Alliance purchased a new stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 195,163 shares of the company’s stock, valued at approximately $3,921,000. Independent Advisor Alliance owned approximately 1.90% of First Trust Ultra Short Duration Municipal ETF at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in FUMB. Concurrent Investment Advisors LLC purchased a new stake in First Trust Ultra Short Duration Municipal ETF during the 3rd quarter worth about $229,000. Kingswood Wealth Advisors LLC purchased a new stake in First Trust Ultra Short Duration Municipal ETF during the fourth quarter worth approximately $244,000. Opal Wealth Advisors LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF in the fourth quarter valued at approximately $246,000. Benjamin Edwards Inc. acquired a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at approximately $276,000. Finally, Advyzon Investment Management LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF in the fourth quarter valued at approximately $306,000.
First Trust Ultra Short Duration Municipal ETF Stock Performance
Shares of NYSEARCA:FUMB opened at $20.12 on Wednesday. The firm has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $20.11. First Trust Ultra Short Duration Municipal ETF has a twelve month low of $20.00 and a twelve 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.
See Also
- Five stocks we like better than First Trust Ultra Short Duration Municipal ETF
- Quiet Period Expirations Explained
- NVIDIA Stock Remains Stunningly Undervalued—Here’s Why
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Oracle Stock: 5 Reasons This AI Powerhouse Is a Long-Term Buy
- How to Profit From Value Investing
- U.S. Stocks Sink, Foreign Markets Soar: 3 ETFs to Ride the Wave
Receive News & Ratings for First Trust Ultra Short Duration Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Ultra Short Duration Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.
