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

Inspirion Wealth Advisors LLC trimmed its holdings in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 38.2% during the third quarter, HoldingsChannel reports. The fund owned 96,936 shares of the company’s stock after selling 59,929 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $1,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its position in First Trust Ultra Short Duration Municipal ETF by 10.9% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,163 shares of the company’s stock valued at $244,000 after purchasing an additional 1,197 shares during the period. Cetera Investment Advisers increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 2.9% during the second quarter. Cetera Investment Advisers now owns 73,538 shares of the company’s stock worth $1,475,000 after buying an additional 2,092 shares during the period. Nilsine Partners LLC raised its stake in First Trust Ultra Short Duration Municipal ETF by 1.4% during the second quarter. Nilsine Partners LLC now owns 216,309 shares of the company’s stock worth $4,339,000 after buying an additional 2,987 shares during the last quarter. Mainsail Financial Group LLC boosted its position in First Trust Ultra Short Duration Municipal ETF by 2.2% during the first quarter. Mainsail Financial Group LLC now owns 215,509 shares of the company’s stock valued at $4,318,000 after acquiring an additional 4,698 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings 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.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of NYSEARCA:FUMB remained flat at $20.12 during midday trading on Friday. The stock had a trading volume of 14,687 shares, compared to its average volume of 52,456. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $19.90 and a 12 month high of $20.18. The stock has a fifty day moving average of $20.15 and a 200 day moving average of $20.10.

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.