Farther Finance Advisors LLC Takes Position in First Trust Ultra Short Duration Municipal ETF $FUMB

Farther Finance Advisors LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,460 shares of the company’s stock, valued at approximately $371,000. Farther Finance Advisors LLC owned about 0.18% of First Trust Ultra Short Duration Municipal ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FUMB. Royal Bank of Canada raised its position in First Trust Ultra Short Duration Municipal ETF by 49.1% during the 1st quarter. Royal Bank of Canada now owns 331,310 shares of the company’s stock valued at $6,658,000 after purchasing an additional 109,110 shares during the last quarter. Insight Inv LLC raised its position in First Trust Ultra Short Duration Municipal ETF by 297.7% during the 1st quarter. Insight Inv LLC now owns 112,445 shares of the company’s stock valued at $2,260,000 after purchasing an additional 84,170 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in First Trust Ultra Short Duration Municipal ETF by 12.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 142,902 shares of the company’s stock valued at $2,872,000 after purchasing an additional 16,044 shares during the last quarter. TD Capital Management LLC raised its position in First Trust Ultra Short Duration Municipal ETF by 15,095.3% during the 1st quarter. TD Capital Management LLC now owns 16,107 shares of the company’s stock valued at $324,000 after purchasing an additional 16,001 shares during the last quarter. Finally, One Plus One Wealth Management LLC bought a new position in First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at approximately $313,000.

First Trust Ultra Short Duration Municipal ETF Price Performance

FUMB opened at $20.11 on Monday. The business has a 50 day simple moving average of $20.13 and a two-hundred day simple moving average of $20.11. First Trust Ultra Short Duration Municipal ETF has a one year low of $19.91 and a one year high of $20.23.

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.