Insight Inv LLC Has $2.61 Million Stock Holdings in First Trust Ultra Short Duration Municipal ETF $FUMB

Insight Inv LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 15.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,995 shares of the company’s stock after purchasing an additional 17,550 shares during the quarter. First Trust Ultra Short Duration Municipal ETF accounts for 1.8% of Insight Inv LLC’s holdings, making the stock its 15th biggest holding. Insight Inv LLC owned approximately 1.26% of First Trust Ultra Short Duration Municipal ETF worth $2,613,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC grew its stake in First Trust Ultra Short Duration Municipal ETF by 34.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 20,453 shares of the company’s stock worth $411,000 after purchasing an additional 5,220 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in First Trust Ultra Short Duration Municipal ETF by 8.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 24,418 shares of the company’s stock valued at $491,000 after acquiring an additional 1,915 shares during the period. CX Institutional acquired a new stake in First Trust Ultra Short Duration Municipal ETF in the first quarter valued at approximately $46,000. Farther Finance Advisors LLC acquired a new stake in First Trust Ultra Short Duration Municipal ETF in the second quarter valued at approximately $371,000. Finally, Private Advisor Group LLC grew its stake in First Trust Ultra Short Duration Municipal ETF by 3.3% in the first quarter. Private Advisor Group LLC now owns 57,029 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,806 shares during the period.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.11 on Thursday. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.91 and a 52 week high of $20.23. The stock has a 50 day moving average price of $20.13 and a two-hundred day moving average price of $20.11.

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.