Mainsail Financial Group LLC Sells 4,830 Shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Mainsail Financial Group LLC lessened its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 268,366 shares of the company’s stock after selling 4,830 shares during the quarter. First Trust Ultra Short Duration Municipal ETF accounts for approximately 3.1% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 12th biggest position. Mainsail Financial Group LLC owned about 2.62% of First Trust Ultra Short Duration Municipal ETF worth $5,391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.9% during the 2nd quarter. Cetera Investment Advisers now owns 73,538 shares of the company’s stock valued at $1,475,000 after purchasing an additional 2,092 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of First Trust Ultra Short Duration Municipal ETF by 16.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 28,071 shares of the company’s stock worth $565,000 after buying an additional 3,870 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of 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 worth $2,792,000 after buying an additional 7,771 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of 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 worth $837,000 after buying an additional 6,095 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at $229,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB stock opened at $20.13 on Friday. First Trust Ultra Short Duration Municipal ETF has a twelve month low of $20.00 and a twelve month high of $20.18. The stock’s fifty day simple moving average is $20.11 and its 200 day simple moving average is $20.12.

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.