First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,538 shares of the company’s stock after purchasing an additional 2,092 shares during the quarter. Cetera Investment Advisers owned approximately 0.72% of First Trust Ultra Short Duration Municipal ETF worth $1,475,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FUMB. Commonwealth Equity Services LLC boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 16.4% in the first quarter. Commonwealth Equity Services LLC now owns 262,977 shares of the company’s stock worth $5,269,000 after purchasing an additional 36,968 shares during the period. Mainsail Financial Group LLC boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 15.6% during the second quarter. Mainsail Financial Group LLC now owns 249,032 shares of the company’s stock valued at $4,996,000 after acquiring an additional 33,523 shares during the period. Cetera Advisors LLC boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 58.7% during the first 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. Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the first quarter valued at $220,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter valued at $173,000.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of FUMB opened at $20.11 on Wednesday. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.90 and a 1 year high of $20.18. The firm has a fifty day moving average of $20.14 and a 200-day moving average of $20.10.

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.