Occidental Asset Management LLC Trims Stock Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Occidental Asset Management LLC cut its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,450 shares of the company’s stock after selling 4,058 shares during the period. Occidental Asset Management LLC owned approximately 0.19% of First Trust Ultra Short Duration Municipal ETF worth $390,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 4th quarter valued at approximately $34,000. Opal Wealth Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the second quarter valued at approximately $173,000. Concourse Financial Group Securities Inc. grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 35.7% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 9,521 shares of the company’s stock valued at $191,000 after purchasing an additional 2,503 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the first quarter valued at approximately $220,000. Finally, VCI Wealth Management LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the fourth quarter valued at approximately $252,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB stock opened at $20.16 on Tuesday. The company has a 50 day moving average price of $20.11 and a 200 day moving average price of $20.08. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $19.88 and a fifty-two week high of $20.16.

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.