Summary
FUMB Chart
First Trust Ultra Short Duration Municipal ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 646,309 | $12.96M | $12.98M | $16,154.75 | 0.12% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 22,384 | $449,918.4 | $449,023.04 | -$895.36 | -0.2% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 14,079 | $281,043.09 | $282,706.32 | $1,663.23 | 0.59% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 7,894 | $158,388.36 | $158,195.77 | -$192.59 | -0.12% |
 Russell Kartub Insight Inv LLC | 108,495 | $2.18M | $2.17M | -$6,509.59 | -0.3% |
First Trust Ultra Short Duration Municipal ETF (FUMB) FAQ
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First Trust Ultra Short Duration Municipal ETF Profile
| ARCA Exchange | US Country |
Overview
The fund operates with the primary objective of achieving investment returns through investing a minimum of 80% of its net assets, inclusive of borrowed investments, in municipal debt securities. These securities are chosen specifically for their feature of paying interest exempt from regular federal income taxes. This investment strategy is geared towards investors seeking to maximize their income while minimizing their federal tax burden. The fund is designed with a focus on liquidity and preservation of capital, as indicated by its strategy to maintain a weighted average portfolio duration of less than one year. This short duration strategy reflects a conservative investment approach, aiming to reduce the fund's sensitivity to interest rate changes.
Products and Services
- Municipal Debt Securities Investment
This is the core service offered by the fund, involving the acquisition of municipal bonds that generate interest income exempt from federal income tax. This product is tailored for investors looking to gain steady, tax-efficient income, with a strategy emphasizing securities with a short duration to mitigate interest rate risk.
