Thrivent Financial for Lutherans Takes $1.56 Million Position in First Trust Ultra Short Duration Municipal ETF $FUMB

Thrivent Financial for Lutherans bought a new position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 77,566 shares of the company’s stock, valued at approximately $1,559,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baird Financial Group Inc. increased its position in First Trust Ultra Short Duration Municipal ETF by 25.0% during the 1st quarter. Baird Financial Group Inc. now owns 12,500 shares of the company’s stock valued at $251,000 after purchasing an additional 2,500 shares during the period. Royal Bank of Canada boosted its stake in First Trust Ultra Short Duration Municipal ETF by 49.1% during the 1st quarter. Royal Bank of Canada now owns 331,310 shares of the company’s stock valued at $6,658,000 after purchasing an additional 109,110 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 62.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 39,703 shares of the company’s stock worth $798,000 after purchasing an additional 15,285 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 439.1% during the second quarter. Harbour Investments Inc. now owns 46,097 shares of the company’s stock valued at $927,000 after purchasing an additional 37,547 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter valued at $452,000.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0%

FUMB opened at $20.14 on Friday. The firm’s 50 day simple moving average is $20.09 and its two-hundred day simple moving average is $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 Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.046 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.