Naviter Wealth LLC Has $811,000 Stock Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Naviter Wealth LLC increased its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,375 shares of the company’s stock after buying an additional 4,398 shares during the quarter. Naviter Wealth LLC owned approximately 0.39% of First Trust Ultra Short Duration Municipal ETF worth $811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FUMB. Concurrent Investment Advisors LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF during the third quarter worth approximately $229,000. Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter worth approximately $244,000. Opal Wealth Advisors LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the 4th quarter valued at $246,000. Benjamin Edwards Inc. acquired a new stake in First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at $276,000. Finally, Advyzon Investment Management LLC bought a new position in First Trust Ultra Short Duration Municipal ETF during the fourth quarter worth $306,000.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0 %

NYSEARCA:FUMB opened at $20.11 on Friday. The firm’s fifty day moving average price is $20.11 and its two-hundred day moving average price is $20.11. First Trust Ultra Short Duration Municipal ETF has a one year low of $20.00 and a one year 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.