Flow Traders U.S. LLC Makes New $2.50 Million Investment in First Trust Ultra Short Duration Municipal ETF $FUMB

Flow Traders U.S. LLC acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 124,125 shares of the company’s stock, valued at approximately $2,495,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gateway Wealth Partners LLC bought a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at approximately $2,464,000. Royal Bank of Canada increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 49.1% during the first quarter. Royal Bank of Canada now owns 331,310 shares of the company’s stock worth $6,658,000 after acquiring an additional 109,110 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the third quarter worth $1,559,000. JPMorgan Chase & Co. raised its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 43.6% during the third quarter. JPMorgan Chase & Co. now owns 199,330 shares of the company’s stock worth $4,007,000 after acquiring an additional 60,500 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at $1,150,000.

First Trust Ultra Short Duration Municipal ETF Stock Down 0.0%

Shares of NYSEARCA FUMB opened at $20.13 on Tuesday. The company has a fifty day moving average price of $20.11 and a 200 day moving average price of $20.10. First Trust Ultra Short Duration Municipal ETF has a 1-year low of $19.91 and a 1-year high of $20.72.

First Trust Ultra Short Duration Municipal ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.046 per share. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th.

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