Siligmueller & Norvid Wealth Advisors LLC Purchases New Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Siligmueller & Norvid Wealth Advisors LLC bought a new position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 81,186 shares of the company’s stock, valued at approximately $1,631,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sigma Planning Corp lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 31.8% during the fourth quarter. Sigma Planning Corp now owns 78,211 shares of the company’s stock valued at $1,571,000 after purchasing an additional 18,868 shares during the last quarter. Advyzon Investment Management LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF in the fourth quarter worth approximately $306,000. WealthBridge Capital Management LLC increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 22.2% during the fourth quarter. WealthBridge Capital Management LLC now owns 30,925 shares of the company’s stock valued at $621,000 after acquiring an additional 5,626 shares in the last quarter. Csenge Advisory Group raised its position in First Trust Ultra Short Duration Municipal ETF by 3.6% in the 4th quarter. Csenge Advisory Group now owns 29,000 shares of the company’s stock worth $583,000 after buying an additional 1,000 shares during the last quarter. Finally, James Investment Research Inc. lifted its stake in First Trust Ultra Short Duration Municipal ETF by 13.5% during the 4th quarter. James Investment Research Inc. now owns 129,437 shares of the company’s stock valued at $2,600,000 after acquiring an additional 15,428 shares during the period.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of NYSEARCA FUMB opened at $20.09 on Wednesday. The firm’s 50-day moving average price is $20.11 and its 200-day moving average price is $20.12. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $20.00 and a 52-week high of $20.18.

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.