Naviter Wealth LLC Raises Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Naviter Wealth LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 37.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,984 shares of the company’s stock after acquiring an additional 28,801 shares during the period. Naviter Wealth LLC owned approximately 0.78% of First Trust Ultra Short Duration Municipal ETF worth $2,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Gradient Investments LLC raised its stake in First Trust Ultra Short Duration Municipal ETF by 398.8% during the 3rd quarter. Gradient Investments LLC now owns 9,661 shares of the company’s stock worth $192,000 after acquiring an additional 7,724 shares during the period. Hobart Private Capital LLC purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 4th quarter worth approximately $219,000. Naples Global Advisors LLC purchased a new stake in First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at $231,000. VCI Wealth Management LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the fourth quarter worth $252,000. Finally, Harbour Investments Inc. boosted its stake in First Trust Ultra Short Duration Municipal ETF by 10.2% during the third quarter. Harbour Investments Inc. now owns 13,811 shares of the company’s stock worth $275,000 after buying an additional 1,277 shares during the period.

First Trust Ultra Short Duration Municipal ETF Trading Down 0.1 %

Shares of FUMB traded down $0.02 during midday trading on Monday, hitting $20.02. The stock had a trading volume of 23,791 shares, compared to its average volume of 61,306. The stock’s 50 day moving average is $20.06 and its 200 day moving average is $20.05. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.88 and a 1 year high of $20.13.

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.