Occidental Asset Management LLC Has $366,000 Holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Occidental Asset Management LLC decreased its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 6.4% in the 4th quarter, Holdings Channel reports. The fund owned 18,200 shares of the company’s stock after selling 1,250 shares during the quarter. Occidental Asset Management LLC’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $366,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FUMB. Cetera Investment Advisers boosted its position in 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 worth $1,475,000 after acquiring an additional 2,092 shares during the last quarter. Stephens Inc. AR lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 17.2% in the third quarter. Stephens Inc. AR now owns 41,611 shares of the company’s stock worth $837,000 after purchasing an additional 6,095 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the third quarter worth $276,000. Prospera Financial Services Inc acquired a new position in First Trust Ultra Short Duration Municipal ETF during the third quarter worth $643,000. Finally, J.W. Cole Advisors Inc. grew its position in First Trust Ultra Short Duration Municipal ETF by 5.9% in the third quarter. J.W. Cole Advisors Inc. now owns 138,779 shares of the company’s stock valued at $2,792,000 after purchasing an additional 7,771 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Trading Down 0.1 %

Shares of FUMB stock opened at $20.14 on Friday. The firm’s fifty day moving average price is $20.10 and its two-hundred day moving average price is $20.12. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $20.00 and a 1 year high of $20.18.

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.