Mainsail Financial Group LLC Buys 4,698 Shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Mainsail Financial Group LLC lifted its position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 2.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 215,509 shares of the company’s stock after purchasing an additional 4,698 shares during the period. First Trust Ultra Short Duration Municipal ETF comprises approximately 3.0% of Mainsail Financial Group LLC’s holdings, making the stock its 12th biggest holding. Mainsail Financial Group LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $4,318,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FUMB. Harbour Investments Inc. boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 10.2% in the 3rd quarter. Harbour Investments Inc. now owns 13,811 shares of the company’s stock valued at $275,000 after purchasing an additional 1,277 shares during the period. GSG Advisors LLC increased its stake in First Trust Ultra Short Duration Municipal ETF by 20.6% in the 4th quarter. GSG Advisors LLC now owns 62,838 shares of the company’s stock worth $1,261,000 after acquiring an additional 10,748 shares during the last quarter. Naples Global Advisors LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 4th quarter valued at about $231,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 8.0% during 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 acquiring an additional 39,074 shares during the last quarter. Finally, Hobart Private Capital LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 4th quarter valued at about $219,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

First Trust Ultra Short Duration Municipal ETF stock opened at $20.08 on Thursday. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $19.88 and a fifty-two week high of $20.13. The firm’s fifty day moving average price is $20.07 and its 200-day moving average price is $20.07.

First Trust Ultra Short Duration Municipal ETF 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.