Stifel Financial Corp bought a new position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the fourth quarter, HoldingsChannel reports. The fund bought 52,432 shares of the company’s stock, valued at approximately $1,058,000.
Other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc bought a new position in First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth $30,000. Fisher Asset Management LLC bought a new position in First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth $202,000. Perennial Investment Advisors LLC bought a new position in First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth $206,000. Ausdal Financial Partners Inc. bought a new position in First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth $211,000. Finally, Jacobi Capital Management LLC raised its holdings in First Trust Ultra Short Duration Municipal ETF by 18.4% in the 4th quarter. Jacobi Capital Management LLC now owns 16,197 shares of the company’s stock worth $327,000 after purchasing an additional 2,522 shares during the period.
Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.19 on Thursday. First Trust Ultra Short Duration Municipal ETF has a one year low of $19.89 and a one year high of $21.62. The stock’s fifty day moving average is $20.17 and its 200 day moving average is $20.16.
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