Rothschild Wealth LLC Invests $1.29 Million in First Trust Ultra Short Duration Municipal ETF $FUMB

Rothschild Wealth LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 64,392 shares of the company’s stock, valued at approximately $1,292,000. Rothschild Wealth LLC owned about 0.54% of First Trust Ultra Short Duration Municipal ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new stake in First Trust Ultra Short Duration Municipal ETF in the second quarter worth $29,000. Tucker Asset Management LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at $41,000. Advisory Services Network LLC purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter worth about $77,000. CoreCap Advisors LLC raised its position in shares of First Trust Ultra Short Duration Municipal ETF by 250.6% in the 4th quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock worth $89,000 after purchasing an additional 3,177 shares during the last quarter. Finally, AE Wealth Management LLC purchased a new position in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter worth about $103,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.05 on Monday. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $20.01 and a 1 year high of $20.72. The firm’s 50-day moving average is $20.06 and its 200 day moving average is $20.08.

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.