Raymond James & Associates Lowers Stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Raymond James & Associates decreased its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,000 shares of the company’s stock after selling 14,690 shares during the period. Raymond James & Associates owned approximately 0.33% of First Trust Ultra Short Duration Municipal ETF worth $903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Financial Advocates Investment Management boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 1.9% in the third quarter. Financial Advocates Investment Management now owns 29,087 shares of the company’s stock worth $579,000 after buying an additional 551 shares during the period. Harbour Investments Inc. lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 10.2% in the third quarter. Harbour Investments Inc. now owns 13,811 shares of the company’s stock worth $275,000 after acquiring an additional 1,277 shares in the last quarter. Occidental Asset Management LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 13.7% in the third quarter. Occidental Asset Management LLC now owns 29,882 shares of the company’s stock worth $595,000 after acquiring an additional 3,594 shares in the last quarter. Mainsail Financial Group LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.4% in the third quarter. Mainsail Financial Group LLC now owns 212,477 shares of the company’s stock worth $4,230,000 after acquiring an additional 4,936 shares in the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 398.8% in the third quarter. Gradient Investments LLC now owns 9,661 shares of the company’s stock worth $192,000 after acquiring an additional 7,724 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0 %

NYSEARCA:FUMB opened at $20.06 on Tuesday. First Trust Ultra Short Duration Municipal ETF has a one year low of $19.88 and a one year high of $20.13. The business’s 50-day simple moving average is $20.06 and its 200 day simple moving average is $20.04.

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.