LPL Financial LLC Has $15.12 Million Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

LPL Financial LLC lowered its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 14.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 752,563 shares of the company’s stock after selling 130,991 shares during the quarter. LPL Financial LLC owned about 8.01% of First Trust Ultra Short Duration Municipal ETF worth $15,123,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Capital Investment Advisory Services LLC raised its position in First Trust Ultra Short Duration Municipal ETF by 1.9% during the 1st quarter. Capital Investment Advisory Services LLC now owns 27,312 shares of the company’s stock worth $549,000 after purchasing an additional 510 shares during the last quarter. IMG Wealth Management Inc. acquired a new position in First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at about $28,000. Visionary Wealth Advisors raised its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 5.8% in the fourth quarter. Visionary Wealth Advisors now owns 29,232 shares of the company’s stock valued at $587,000 after purchasing an additional 1,613 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 3.3% in the 1st quarter. Private Advisor Group LLC now owns 57,029 shares of the company’s stock worth $1,146,000 after buying an additional 1,806 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 8.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 24,418 shares of the company’s stock worth $491,000 after buying an additional 1,915 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Down 0.1%

NYSEARCA:FUMB opened at $20.13 on Thursday. The firm’s 50 day moving average is $20.12 and its 200 day moving average is $20.10. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $19.91 and a 12 month high of $20.23.

First Trust Ultra Short Duration Municipal ETF Profile

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.