Rothschild Wealth LLC Makes New Investment in First Trust Ultra Short Duration Municipal ETF $FUMB

Rothschild Wealth LLC bought a new position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the fourth quarter, HoldingsChannel.com reports. The fund bought 64,392 shares of the company’s stock, valued at approximately $1,292,000.

A number of other large investors have also added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in First Trust Ultra Short Duration Municipal ETF by 49.1% in the 1st quarter. Royal Bank of Canada now owns 331,310 shares of the company’s stock worth $6,658,000 after purchasing an additional 109,110 shares during the period. Raymond James Financial Inc. grew its position in First Trust Ultra Short Duration Municipal ETF by 2.3% in the 3rd quarter. Raymond James Financial Inc. now owns 282,938 shares of the company’s stock worth $5,687,000 after purchasing an additional 6,293 shares during the period. UBS Group AG grew its position in First Trust Ultra Short Duration Municipal ETF by 9.9% in the 4th quarter. UBS Group AG now owns 208,321 shares of the company’s stock worth $4,179,000 after purchasing an additional 18,698 shares during the period. JPMorgan Chase & Co. grew its position in First Trust Ultra Short Duration Municipal ETF by 43.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 199,330 shares of the company’s stock worth $4,007,000 after purchasing an additional 60,500 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in First Trust Ultra Short Duration Municipal ETF by 36.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 137,400 shares of the company’s stock worth $2,756,000 after purchasing an additional 36,498 shares during the period.

First Trust Ultra Short Duration Municipal ETF Price Performance

NYSEARCA:FUMB opened at $20.05 on Monday. First Trust Ultra Short Duration Municipal ETF has a 12 month low of $20.01 and a 12 month high of $20.72. The company has a 50 day simple moving average of $20.06 and a two-hundred day simple moving average of $20.08.

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.