Opal Wealth Advisors LLC Acquires New Shares in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Opal Wealth Advisors LLC acquired a new stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,220 shares of the company’s stock, valued at approximately $246,000. Opal Wealth Advisors LLC owned approximately 0.12% of First Trust Ultra Short Duration Municipal ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Investment Advisory Services LLC lifted its position in First Trust Ultra Short Duration Municipal ETF by 5.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 26,802 shares of the company’s stock valued at $538,000 after acquiring an additional 1,459 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.9% during the 2nd quarter. Cetera Investment Advisers now owns 73,538 shares of the company’s stock valued at $1,475,000 after buying an additional 2,092 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 0.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 515,952 shares of the company’s stock valued at $10,377,000 after buying an additional 3,419 shares during the period. Stephens Inc. AR lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 17.2% during the 3rd quarter. Stephens Inc. AR now owns 41,611 shares of the company’s stock valued at $837,000 after buying an additional 6,095 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 5.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 138,779 shares of the company’s stock valued at $2,792,000 after buying an additional 7,771 shares during the period.

First Trust Ultra Short Duration Municipal ETF Price Performance

NYSEARCA FUMB opened at $20.13 on Monday. The business’s fifty day moving average price is $20.11 and its 200-day moving average price is $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.

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.