Ameritas Advisory Services LLC Acquires New Position in First Trust Ultra Short Duration Municipal ETF $FUMB

Ameritas Advisory Services LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,143 shares of the company’s stock, valued at approximately $83,000.

Several other institutional investors have also made changes to their positions in the business. CX Institutional bought a new position in First Trust Ultra Short Duration Municipal ETF during the 1st quarter valued at about $46,000. Dynamic Advisor Solutions LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 34.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 20,453 shares of the company’s stock worth $411,000 after purchasing an additional 5,220 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 8.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 24,418 shares of the company’s stock worth $491,000 after purchasing an additional 1,915 shares in the last quarter. IMG Wealth Management Inc. bought a new stake in First Trust Ultra Short Duration Municipal ETF during the first quarter worth $28,000. Finally, Golden State Equity Partners bought a new stake in First Trust Ultra Short Duration Municipal ETF during the first quarter worth $208,000.

First Trust Ultra Short Duration Municipal ETF Price Performance

NYSEARCA FUMB opened at $20.10 on Friday. The firm’s fifty day moving average price is $20.13 and its two-hundred day moving average price is $20.11. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.91 and a 1 year high of $20.23.

First Trust Ultra Short Duration Municipal ETF Company 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.