First Trust Ultra Short Duration Municipal ETF $FUMB Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 85.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,247 shares of the company’s stock after acquiring an additional 48,440 shares during the quarter. Envestnet Asset Management Inc. owned about 0.97% of First Trust Ultra Short Duration Municipal ETF worth $2,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FUMB. Newbridge Financial Services Group Inc. acquired a new stake in First Trust Ultra Short Duration Municipal ETF in the second quarter worth approximately $29,000. AE Wealth Management LLC acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the third quarter valued at $103,000. Meridian Wealth Management LLC bought a new position in First Trust Ultra Short Duration Municipal ETF during the second quarter valued at about $241,000. Benjamin Edwards Inc. acquired a new position in First Trust Ultra Short Duration Municipal ETF during the second quarter worth about $249,000. Finally, Baird Financial Group Inc. grew its holdings in First Trust Ultra Short Duration Municipal ETF by 25.0% during the first quarter. Baird Financial Group Inc. now owns 12,500 shares of the company’s stock worth $251,000 after acquiring an additional 2,500 shares during the period.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of NYSEARCA FUMB opened at $20.11 on Friday. First Trust Ultra Short Duration Municipal ETF has a twelve month low of $19.91 and a twelve month high of $20.72. The firm has a 50-day moving average of $20.10 and a two-hundred day moving average of $20.10.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a dividend of $0.046 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, February 20th.

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. FUMB was launched on Nov 1, 2018 and is managed by First Trust.