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

Kingswood Wealth Advisors LLC bought a new position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,163 shares of the company’s stock, valued at approximately $244,000. Kingswood Wealth Advisors LLC owned about 0.12% of First Trust Ultra Short Duration Municipal ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FUMB. Cetera Investment Advisers increased its stake in First Trust Ultra Short Duration Municipal ETF by 2.9% in the 2nd quarter. Cetera Investment Advisers now owns 73,538 shares of the company’s stock worth $1,475,000 after acquiring an additional 2,092 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 0.7% in the third quarter. Rockefeller Capital Management L.P. now owns 515,952 shares of the company’s stock valued at $10,377,000 after purchasing an additional 3,419 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in First Trust Ultra Short Duration Municipal ETF by 16.0% in the third quarter. Dynamic Advisor Solutions LLC now owns 28,071 shares of the company’s stock worth $565,000 after purchasing an additional 3,870 shares during the last quarter. Stephens Inc. AR raised its stake in First Trust Ultra Short Duration Municipal ETF by 17.2% during the third quarter. Stephens Inc. AR now owns 41,611 shares of the company’s stock valued at $837,000 after purchasing an additional 6,095 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in First Trust Ultra Short Duration Municipal ETF by 5.9% during the third quarter. J.W. Cole Advisors Inc. now owns 138,779 shares of the company’s stock valued at $2,792,000 after purchasing an additional 7,771 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of NYSEARCA:FUMB opened at $20.10 on Friday. The firm has a fifty day simple moving average of $20.10 and a two-hundred day simple moving average of $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.

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.