Naviter Wealth LLC Has $724,000 Stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Naviter Wealth LLC reduced its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 41.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,977 shares of the company’s stock after selling 25,058 shares during the period. Naviter Wealth LLC owned approximately 0.35% of First Trust Ultra Short Duration Municipal ETF worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FUMB. Opal Wealth Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter worth approximately $173,000. Kingswood Wealth Advisors LLC acquired a new stake in First Trust Ultra Short Duration Municipal ETF during the first quarter worth approximately $220,000. Benjamin F. Edwards & Company Inc. increased its stake in First Trust Ultra Short Duration Municipal ETF by 57.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 14,288 shares of the company’s stock worth $286,000 after acquiring an additional 5,228 shares during the period. WealthBridge Capital Management LLC raised its holdings in First Trust Ultra Short Duration Municipal ETF by 60.3% in the 3rd quarter. WealthBridge Capital Management LLC now owns 25,299 shares of the company’s stock valued at $509,000 after acquiring an additional 9,518 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 16.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 28,071 shares of the company’s stock valued at $565,000 after acquiring an additional 3,870 shares during the period.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA FUMB opened at $20.11 on Friday. The stock’s fifty day moving average is $20.14 and its 200 day moving average is $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.

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.