Eldridge Investment Advisors Inc. Has $1.44 Million Stock Position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB)

Eldridge Investment Advisors Inc. cut its holdings in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 39.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,003 shares of the company’s stock after selling 46,240 shares during the quarter. Eldridge Investment Advisors Inc. owned 0.53% of First Trust Ultra Short Duration Municipal ETF worth $1,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FUMB. Gradient Investments LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 398.8% during the 3rd quarter. Gradient Investments LLC now owns 9,661 shares of the company’s stock valued at $192,000 after acquiring an additional 7,724 shares during the period. Financial Advocates Investment Management boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 1.9% during the 3rd quarter. Financial Advocates Investment Management now owns 29,087 shares of the company’s stock worth $579,000 after purchasing an additional 551 shares in the last quarter. GSG Advisors LLC acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at about $1,038,000. Mainsail Financial Group LLC increased its position in First Trust Ultra Short Duration Municipal ETF by 2.4% in the 3rd quarter. Mainsail Financial Group LLC now owns 212,477 shares of the company’s stock valued at $4,230,000 after buying an additional 4,936 shares in the last quarter. Finally, Nilsine Partners LLC boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 6.7% in the third quarter. Nilsine Partners LLC now owns 200,148 shares of the company’s stock worth $3,987,000 after acquiring an additional 12,524 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of NYSEARCA:FUMB traded up $0.01 during trading on Thursday, reaching $20.03. 101,778 shares of the stock were exchanged, compared to its average volume of 62,265. The stock has a fifty day moving average of $20.06 and a two-hundred day moving average of $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.

About First Trust Ultra Short Duration Municipal ETF

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.