First Trust Ultra Short Duration Municipal ETF $FUMB Shares Sold by James Investment Research Inc.

James Investment Research Inc. decreased its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 64.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,571 shares of the company’s stock after selling 84,364 shares during the period. James Investment Research Inc. owned 0.38% of First Trust Ultra Short Duration Municipal ETF worth $914,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FUMB. WealthBridge Capital Management LLC raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.0% in the 4th quarter. WealthBridge Capital Management LLC now owns 44,253 shares of the company’s stock worth $888,000 after buying an additional 848 shares in the last quarter. Advyzon Investment Management LLC boosted its stake in First Trust Ultra Short Duration Municipal ETF by 6.3% during the fourth quarter. Advyzon Investment Management LLC now owns 14,402 shares of the company’s stock valued at $289,000 after buying an additional 850 shares in the last quarter. Prospera Financial Services Inc boosted its stake in First Trust Ultra Short Duration Municipal ETF by 2.5% during the fourth quarter. Prospera Financial Services Inc now owns 39,578 shares of the company’s stock valued at $794,000 after buying an additional 951 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in First Trust Ultra Short Duration Municipal ETF by 0.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 145,301 shares of the company’s stock worth $2,915,000 after acquiring an additional 1,339 shares during the period. Finally, Stifel Financial Corp grew its holdings in First Trust Ultra Short Duration Municipal ETF by 2.0% during the fourth quarter. Stifel Financial Corp now owns 68,101 shares of the company’s stock worth $1,366,000 after acquiring an additional 1,353 shares during the period.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0%

Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.07 on Friday. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.98 and a 52 week high of $20.72. The company’s 50-day moving average price is $20.06 and its two-hundred day moving average price is $20.08.

First Trust Ultra Short Duration Municipal ETF Company 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. FUMB was launched on Nov 1, 2018 and is managed by First Trust.