Eldridge Investment Advisors Inc. Lowers Stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Eldridge Investment Advisors Inc. lowered its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 39.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,003 shares of the company’s stock after selling 46,240 shares during the period. Eldridge Investment Advisors Inc.’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $1,444,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FUMB. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 8.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 524,677 shares of the company’s stock valued at $10,525,000 after purchasing an additional 39,074 shares during the last quarter. Mainsail Financial Group LLC lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.4% in the third quarter. Mainsail Financial Group LLC now owns 212,477 shares of the company’s stock valued at $4,230,000 after purchasing an additional 4,936 shares during the period. Nilsine Partners LLC grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 0.9% in the 4th quarter. Nilsine Partners LLC now owns 201,894 shares of the company’s stock worth $4,050,000 after acquiring an additional 1,746 shares during the period. Kestra Advisory Services LLC grew its stake in First Trust Ultra Short Duration Municipal ETF by 22.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 124,318 shares of the company’s stock valued at $2,476,000 after acquiring an additional 22,999 shares during the last quarter. Finally, Naviter Wealth LLC lifted its stake in First Trust Ultra Short Duration Municipal ETF by 37.8% in the 4th quarter. Naviter Wealth LLC now owns 104,984 shares of the company’s stock valued at $2,106,000 after buying an additional 28,801 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB traded up $0.01 on Thursday, hitting $20.03. 101,778 shares of the stock traded hands, compared to its average volume of 62,265. The stock’s 50 day moving average is $20.06 and its two-hundred day moving average is $20.05. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.88 and a 1 year high of $20.13.

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.