Independent Advisor Alliance acquired a new stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 195,163 shares of the company’s stock, valued at approximately $3,921,000.
Other large investors have also modified their holdings of the company. Concurrent Investment Advisors LLC purchased a new stake in First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at $229,000. Thrivent Financial for Lutherans increased its stake in First Trust Ultra Short Duration Municipal ETF by 50.8% in the third quarter. Thrivent Financial for Lutherans now owns 24,700 shares of the company’s stock valued at $497,000 after purchasing an additional 8,319 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the third quarter valued at about $643,000. Rockefeller Capital Management L.P. grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 515,952 shares of the company’s stock worth $10,377,000 after buying an additional 3,419 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF during the third quarter worth about $276,000.
First Trust Ultra Short Duration Municipal ETF Price Performance
FUMB opened at $20.12 on Wednesday. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $20.00 and a 52 week high of $20.18. The business has a 50 day moving average price of $20.11 and a two-hundred day moving average price of $20.11.
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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