International Assets Investment Management LLC Takes $452,000 Position in First Trust Ultra Short Duration Municipal ETF $FUMB

International Assets Investment Management LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,500 shares of the company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter valued at approximately $371,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 8.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 24,418 shares of the company’s stock valued at $491,000 after acquiring an additional 1,915 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 3.3% during the first quarter. Private Advisor Group LLC now owns 57,029 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,806 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 28.1% during the first quarter. Cetera Investment Advisers now owns 63,791 shares of the company’s stock valued at $1,282,000 after acquiring an additional 13,989 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 636.1% during the second quarter. Truist Financial Corp now owns 119,557 shares of the company’s stock valued at $2,403,000 after acquiring an additional 103,315 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Down 0.3%

First Trust Ultra Short Duration Municipal ETF stock opened at $20.06 on Wednesday. The company has a 50 day moving average price of $20.13 and a 200-day moving average price of $20.11. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $19.91 and a fifty-two week high of $20.23.

First Trust Ultra Short Duration Municipal ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a dividend of $0.046 per share. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, November 3rd.

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.