First Trust Ultra Short Duration Municipal ETF $FUMB Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 85.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,247 shares of the company’s stock after acquiring an additional 48,440 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $2,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in shares of First Trust Ultra Short Duration Municipal ETF by 12.9% in the 2nd quarter. Cetera Investment Advisers now owns 72,008 shares of the company’s stock valued at $1,447,000 after purchasing an additional 8,217 shares during the period. XML Financial LLC lifted its stake in First Trust Ultra Short Duration Municipal ETF by 5.3% during the third quarter. XML Financial LLC now owns 507,182 shares of the company’s stock valued at $10,194,000 after buying an additional 25,633 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF in the second quarter worth about $241,000. J.W. Cole Advisors Inc. increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 4.5% in the second quarter. J.W. Cole Advisors Inc. now owns 149,331 shares of the company’s stock worth $3,002,000 after acquiring an additional 6,429 shares in the last quarter. Finally, WealthBridge Capital Management LLC increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 7.7% in the second quarter. WealthBridge Capital Management LLC now owns 41,926 shares of the company’s stock worth $843,000 after acquiring an additional 3,001 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:FUMB opened at $20.11 on Friday. First Trust Ultra Short Duration Municipal ETF has a 52 week low of $19.91 and a 52 week high of $20.72. The firm has a 50 day simple moving average of $20.10 and a 200 day simple 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. Stockholders of record on Friday, February 20th were given a $0.046 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th.

First Trust Ultra Short Duration Municipal ETF 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.