Opal Wealth Advisors LLC Takes $246,000 Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Opal Wealth Advisors LLC purchased a new stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,220 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors have also recently made changes to their positions in FUMB. Cetera Investment Advisers lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.9% in the 2nd quarter. Cetera Investment Advisers now owns 73,538 shares of the company’s stock valued at $1,475,000 after acquiring an additional 2,092 shares during the last quarter. Mainsail Financial Group LLC lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 9.7% in the 3rd quarter. Mainsail Financial Group LLC now owns 273,196 shares of the company’s stock valued at $5,499,000 after acquiring an additional 24,164 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 5.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 138,779 shares of the company’s stock valued at $2,792,000 after acquiring an additional 7,771 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 17.2% in the 3rd quarter. Stephens Inc. AR now owns 41,611 shares of the company’s stock valued at $837,000 after acquiring an additional 6,095 shares during 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 about $229,000.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of NYSEARCA:FUMB opened at $20.13 on Monday. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $20.00 and a 12 month high of $20.18. The company has a 50-day moving average price of $20.11 and a 200 day moving average price of $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.