First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Stake Cut by MML Investors Services LLC

MML Investors Services LLC lessened its holdings in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,233 shares of the company’s stock after selling 1,266 shares during the quarter. MML Investors Services LLC owned approximately 0.10% of First Trust Ultra Short Duration Municipal ETF worth $206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Concurrent Investment Advisors LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at about $229,000. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at about $276,000. Core Wealth Partners LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at approximately $483,000. Thrivent Financial for Lutherans grew its stake in shares of First Trust Ultra Short Duration Municipal ETF by 50.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 24,700 shares of the company’s stock valued at $497,000 after buying an additional 8,319 shares in the last quarter. Finally, WealthBridge Capital Management LLC increased its holdings in First Trust Ultra Short Duration Municipal ETF by 60.3% in the third quarter. WealthBridge Capital Management LLC now owns 25,299 shares of the company’s stock worth $509,000 after buying an additional 9,518 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0 %

NYSEARCA FUMB opened at $20.08 on Friday. The company has a 50 day moving average price of $20.10 and a two-hundred day moving average price of $20.12. First Trust Ultra Short Duration Municipal ETF has a 12-month low of $20.00 and a 12-month high of $20.18.

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.