First United Bank Trust Lowers stake in First United Corp (FUNC)

First United Corp (FUNC) : First United Bank Trust reduced its stake in First United Corp by 10.12% during the most recent quarter end. The investment management company now holds a total of 187,068 shares of First United Corp which is valued at $2,151,282 after selling 21,068 shares in First United Corp , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.First United Corp makes up approximately 1.79% of First United Bank Trust’s portfolio.

First United Corp (FUNC) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or -0.0001 points without letting the bulls or bears take much advantage. The trading began at $11.4999 and reached the intraday high at $11.4999. The bulls started the profit booking and pushed the shares to intraday low of $11.4999. The trading session was marked by a volume range of 540 shares exchanging hands. The 52-week high of the shares is $12.44 and the 52-week low is $7.91. The market cap of the company stands at $72 M and there are 62,69,004 shares in public circulation.

First United Corporation is a bank holding company. The Company’s primary business is serving as the parent company of First United Bank & Trust (the Bank) First United Statutory Trust I First United Statutory Trust II and First United Statutory Trust III. The Bank is an independent community bank providing a range of retail and commercial banking services to businesses and individuals in its market areas. The Bank offers services such as checking savings money market deposit accounts and certificates of deposit business loans personal loans mortgage loans lines of credit and consumer-oriented retirement accounts including individual retirement accounts (IRAs) and employee benefit accounts. In addition the Bank provides full brokerage services through a networking arrangement with Cetera Investment Services LLC. a broker dealer. The Bank also provides safe deposit and night depository facilities insurance products and trust services.

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