NewEdge Advisors LLC Decreases Holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

NewEdge Advisors LLC lessened its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 12.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 626,661 shares of the company’s stock after selling 90,146 shares during the period. NewEdge Advisors LLC owned about 6.11% of First Trust Ultra Short Duration Municipal ETF worth $12,571,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in First Trust Ultra Short Duration Municipal ETF during the second quarter worth about $173,000. Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF in the first quarter worth about $220,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of First Trust Ultra Short Duration Municipal ETF by 57.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 14,288 shares of the company’s stock worth $286,000 after purchasing an additional 5,228 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of First Trust Ultra Short Duration Municipal ETF by 58.7% in the first quarter. Cetera Advisors LLC now owns 54,859 shares of the company’s stock worth $1,099,000 after purchasing an additional 20,291 shares in the last quarter. Finally, Mainsail Financial Group LLC increased its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.2% in the first quarter. Mainsail Financial Group LLC now owns 215,509 shares of the company’s stock worth $4,318,000 after purchasing an additional 4,698 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0 %

FUMB opened at $20.12 on Monday. The firm has a 50-day moving average price of $20.15 and a 200-day moving average price of $20.10. First Trust Ultra Short Duration Municipal ETF has a twelve month low of $19.88 and a twelve month high of $20.18.

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.