Concurrent Investment Advisors LLC Takes Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Concurrent Investment Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 11,397 shares of the company’s stock, valued at approximately $229,000.

Several other large investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF in the 2nd quarter valued at approximately $1,528,000. Mainsail Financial Group LLC raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 15.6% during the 2nd quarter. Mainsail Financial Group LLC now owns 249,032 shares of the company’s stock worth $4,996,000 after buying an additional 33,523 shares during the last quarter. Cetera Advisors LLC boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 58.7% in the 1st quarter. Cetera Advisors LLC now owns 54,859 shares of the company’s stock worth $1,099,000 after buying an additional 20,291 shares in the last quarter. WealthBridge Capital Management LLC grew its stake 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 during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in First Trust Ultra Short Duration Municipal ETF in the 2nd quarter valued at about $173,000.

First Trust Ultra Short Duration Municipal ETF Stock Down 0.1 %

FUMB stock opened at $20.10 on Tuesday. The stock’s 50 day moving average price is $20.12 and its 200 day moving average price is $20.11. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.96 and a 1 year high of $20.18.

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.