Mainsail Financial Group LLC Has $4.32 Million Stock Holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Mainsail Financial Group LLC lifted its position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,509 shares of the company’s stock after buying an additional 4,698 shares during the period. First Trust Ultra Short Duration Municipal ETF comprises 3.0% of Mainsail Financial Group LLC’s holdings, making the stock its 12th largest position. Mainsail Financial Group LLC owned 1.60% of First Trust Ultra Short Duration Municipal ETF worth $4,318,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FUMB. Kingswood Wealth Advisors LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at about $220,000. Principal Securities Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter worth approximately $34,000. Concourse Financial Group Securities Inc. raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 35.7% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 9,521 shares of the company’s stock worth $191,000 after purchasing an additional 2,503 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 10.8% in the 4th quarter. Private Advisor Group LLC now owns 96,133 shares of the company’s stock valued at $1,928,000 after buying an additional 9,394 shares during the last quarter. Finally, Naviter Wealth LLC increased its holdings in First Trust Ultra Short Duration Municipal ETF by 37.8% during the fourth quarter. Naviter Wealth LLC now owns 104,984 shares of the company’s stock worth $2,106,000 after buying an additional 28,801 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:FUMB opened at $20.08 on Thursday. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $19.88 and a 52-week high of $20.13. The company has a 50-day simple moving average of $20.07 and a 200 day simple moving average of $20.07.

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.