Occidental Asset Management LLC Has $471,000 Holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Occidental Asset Management LLC lessened its position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 19.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 23,508 shares of the company’s stock after selling 5,751 shares during the period. Occidental Asset Management LLC owned approximately 0.17% of First Trust Ultra Short Duration Municipal ETF worth $471,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Gradient Investments LLC boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 5.2% during the fourth quarter. Gradient Investments LLC now owns 10,163 shares of the company’s stock valued at $204,000 after buying an additional 502 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 10.2% during the third quarter. Harbour Investments Inc. now owns 13,811 shares of the company’s stock valued at $275,000 after buying an additional 1,277 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at approximately $34,000. Nilsine Partners LLC lifted its holdings in First Trust Ultra Short Duration Municipal ETF by 0.9% during the fourth quarter. Nilsine Partners LLC now owns 201,894 shares of the company’s stock worth $4,050,000 after acquiring an additional 1,746 shares during the period. Finally, Concourse Financial Group Securities Inc. lifted its holdings in First Trust Ultra Short Duration Municipal ETF by 35.7% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 9,521 shares of the company’s stock worth $191,000 after acquiring an additional 2,503 shares during the period.

First Trust Ultra Short Duration Municipal ETF Trading Down 0.1 %

Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.06 on Friday. The business’s fifty day simple moving average is $20.07 and its 200 day simple moving average is $20.07. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $19.88 and a 12 month high of $20.13.

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.