LPL Financial LLC Has $17.75 Million Stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

LPL Financial LLC lessened its position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 883,554 shares of the company’s stock after selling 83,157 shares during the period. LPL Financial LLC owned 8.62% of First Trust Ultra Short Duration Municipal ETF worth $17,751,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC bought a new position in First Trust Ultra Short Duration Municipal ETF in the 4th quarter valued at approximately $244,000. Opal Wealth Advisors LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at $246,000. Benjamin Edwards Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the third quarter worth $276,000. Advyzon Investment Management LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the fourth quarter worth $306,000. Finally, International Assets Investment Management LLC acquired a new stake in First Trust Ultra Short Duration Municipal ETF in the fourth quarter valued at $452,000.

First Trust Ultra Short Duration Municipal ETF Stock Up 0.0 %

Shares of FUMB opened at $20.09 on Tuesday. The stock’s 50-day moving average price is $20.11 and its two-hundred day moving average price is $20.11. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $20.00 and a 12 month 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.