J.W. Cole Advisors Inc. cut its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Free Report) by 8.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 126,858 shares of the company’s stock after selling 11,921 shares during the period. J.W. Cole Advisors Inc.’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $2,549,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Concurrent Investment Advisors LLC bought a new position in First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at $229,000. Kingswood Wealth Advisors LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth $244,000. Opal Wealth Advisors LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at about $246,000. Benjamin Edwards Inc. bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at about $276,000. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at about $452,000.
First Trust Ultra Short Duration Municipal ETF Price Performance
NYSEARCA:FUMB opened at $20.13 on Monday. First Trust Ultra Short Duration Municipal ETF has a one year low of $20.00 and a one year high of $20.18. The company’s 50-day simple moving average is $20.10 and its 200 day simple moving average is $20.12.
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.
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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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