Inspirion Wealth Advisors LLC Decreases Stake in First Trust Ultra Short Duration Municipal ETF $FUMB

Inspirion Wealth Advisors LLC lessened its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 14.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,361 shares of the company’s stock after selling 12,900 shares during the period. Inspirion Wealth Advisors LLC owned approximately 0.72% of First Trust Ultra Short Duration Municipal ETF worth $1,495,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FUMB. Capital Investment Advisory Services LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 1.9% during the first quarter. Capital Investment Advisory Services LLC now owns 27,312 shares of the company’s stock worth $549,000 after buying an additional 510 shares during the period. IMG Wealth Management Inc. purchased a new position in First Trust Ultra Short Duration Municipal ETF in the 1st quarter worth $28,000. Visionary Wealth Advisors lifted its position in First Trust Ultra Short Duration Municipal ETF by 5.8% during the 4th quarter. Visionary Wealth Advisors now owns 29,232 shares of the company’s stock worth $587,000 after acquiring an additional 1,613 shares during the period. Private Advisor Group LLC grew its stake in First Trust Ultra Short Duration Municipal ETF by 3.3% during the 1st quarter. Private Advisor Group LLC now owns 57,029 shares of the company’s stock valued at $1,146,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in First Trust Ultra Short Duration Municipal ETF by 8.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 24,418 shares of the company’s stock valued at $491,000 after purchasing an additional 1,915 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:FUMB opened at $20.17 on Wednesday. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $19.91 and a 52-week high of $20.23. The business has a 50-day moving average price of $20.13 and a 200-day moving average price of $20.10.

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.