Insight Inv LLC Sells 1,250 Shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Insight Inv LLC lessened its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,800 shares of the company’s stock after selling 1,250 shares during the period. Insight Inv LLC owned about 0.18% of First Trust Ultra Short Duration Municipal ETF worth $378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Concurrent Investment Advisors LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF in the third quarter worth about $229,000. Benjamin Edwards Inc. bought a new stake in First Trust Ultra Short Duration Municipal ETF during the 3rd quarter worth approximately $276,000. Core Wealth Partners LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF during the third quarter valued at approximately $483,000. Thrivent Financial for Lutherans boosted its position in shares of 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 worth $497,000 after purchasing an additional 8,319 shares during the period. Finally, WealthBridge Capital Management LLC boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 60.3% in the third quarter. WealthBridge Capital Management LLC now owns 25,299 shares of the company’s stock worth $509,000 after purchasing an additional 9,518 shares during the period.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB stock opened at $20.15 on Tuesday. The company’s fifty day moving average price is $20.10 and its 200-day moving average price is $20.11. First Trust Ultra Short Duration Municipal ETF has a one year low of $20.00 and a one year high of $20.18.

About First Trust Ultra Short Duration Municipal ETF

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.