Thrivent Financial for Lutherans Purchases 8,319 Shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Thrivent Financial for Lutherans raised its position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 50.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,700 shares of the company’s stock after acquiring an additional 8,319 shares during the period. Thrivent Financial for Lutherans’ holdings in First Trust Ultra Short Duration Municipal ETF were worth $497,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.9% in the second quarter. Cetera Investment Advisers now owns 73,538 shares of the company’s stock valued at $1,475,000 after buying an additional 2,092 shares during the period. Cetera Advisors LLC boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 58.7% in the first quarter. Cetera Advisors LLC now owns 54,859 shares of the company’s stock valued at $1,099,000 after buying an additional 20,291 shares during the period. Stephens Inc. AR boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 17.2% in the third quarter. Stephens Inc. AR now owns 41,611 shares of the company’s stock valued at $837,000 after buying an additional 6,095 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 5.9% in the third quarter. J.W. Cole Advisors Inc. now owns 138,779 shares of the company’s stock valued at $2,792,000 after buying an additional 7,771 shares during the period. Finally, Mainsail Financial Group LLC boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 9.7% in the third quarter. Mainsail Financial Group LLC now owns 273,196 shares of the company’s stock valued at $5,499,000 after buying an additional 24,164 shares during the period.

First Trust Ultra Short Duration Municipal ETF Stock Performance

NYSEARCA FUMB opened at $20.14 on Friday. The business has a fifty day moving average price of $20.10 and a two-hundred day moving average price of $20.11. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $20.00 and a fifty-two 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.