Inspirion Wealth Advisors LLC Has $1.95 Million Stock Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Inspirion Wealth Advisors LLC reduced its holdings in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 38.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,936 shares of the company’s stock after selling 59,929 shares during the quarter. Inspirion Wealth Advisors LLC owned approximately 0.95% of First Trust Ultra Short Duration Municipal ETF worth $1,950,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kingswood Wealth Advisors LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF during the first quarter valued at approximately $220,000. Mainsail Financial Group LLC raised its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.2% in the 1st quarter. Mainsail Financial Group LLC now owns 215,509 shares of the company’s stock valued at $4,318,000 after purchasing an additional 4,698 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position 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 valued at $286,000 after buying an additional 5,228 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 16.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 262,977 shares of the company’s stock worth $5,269,000 after acquiring an additional 36,968 shares during the last quarter. Finally, Cetera Advisors LLC raised its stake in First Trust Ultra Short Duration Municipal ETF by 58.7% in the 1st quarter. Cetera Advisors LLC now owns 54,859 shares of the company’s stock valued at $1,099,000 after acquiring an additional 20,291 shares during the period.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of FUMB remained flat at $20.12 during trading hours on Friday. 14,687 shares of the stock traded hands, compared to its average volume of 52,456. The stock has a 50 day moving average price of $20.15 and a two-hundred day moving average price of $20.10. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.90 and a 52 week high of $20.18.

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.