First Trust Ultra Short Duration Municipal ETF $FUMB Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 2,976.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 600,000 shares of the company’s stock after purchasing an additional 580,500 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $11,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gateway Wealth Partners LLC grew its stake in shares of First Trust Ultra Short Duration Municipal ETF by 107.1% in the first quarter. Gateway Wealth Partners LLC now owns 260,066 shares of the company’s stock valued at $5,214,000 after buying an additional 134,492 shares in the last quarter. White Wing Wealth Management purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at about $1,602,000. Norris Financial Group LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at about $545,000. Kestra Advisory Services LLC lifted its position in First Trust Ultra Short Duration Municipal ETF by 16.2% during the 1st quarter. Kestra Advisory Services LLC now owns 124,580 shares of the company’s stock worth $2,498,000 after acquiring an additional 17,337 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF during the 1st quarter worth approximately $216,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

NYSEARCA FUMB opened at $20.03 on Friday. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $19.88 and a fifty-two week high of $20.72. The business has a 50 day moving average price of $20.00 and a two-hundred day moving average price of $20.06.

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. FUMB was launched on Nov 1, 2018 and is managed by First Trust.