First Trust Ultra Short Duration Municipal ETF $FUMB Stock Holdings Lessened by James Investment Research Inc.

James Investment Research Inc. lessened its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 64.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 45,571 shares of the company’s stock after selling 84,364 shares during the period. James Investment Research Inc.’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $914,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FUMB. Newbridge Financial Services Group Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 2nd quarter worth $29,000. Tucker Asset Management LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at $41,000. Advisory Services Network LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at $77,000. CoreCap Advisors LLC boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 250.6% in the 4th quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock valued at $89,000 after purchasing an additional 3,177 shares during the period. Finally, RFG Advisory LLC increased its stake in First Trust Ultra Short Duration Municipal ETF by 13.9% in the 1st quarter. RFG Advisory LLC now owns 12,101 shares of the company’s stock worth $243,000 after purchasing an additional 1,481 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

NYSEARCA FUMB opened at $20.07 on Friday. The stock’s 50-day moving average price is $20.06 and its two-hundred day moving average price is $20.08. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.98 and a 1 year high of $20.72.

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.