26-Jun-2026
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First Trust Ultra Short Duration Municipal ETF declares monthly distribution of $0.0450
Seeking Alpha News (Thu, 25-Jun 12:41 PM ET)
First Trust Ultra Short Duration Municipal ETF seeks to provide federally tax-exempt income consistent with capital preservation. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes.
First Trust Ultra Short Duration Municipal ETF trades on the ARCA stock market under the symbol FUMB.
As of June 26, 2026, FUMB stock price climbed to $20.06 with 61,584 million shares trading.
FUMB has a beta of 0.00, meaning it tends to be less sensitive to market movements. FUMB has a correlation of 0.00 to the broad based SPY ETF.
FUMB has a market cap of $247.74 million. This is considered a Small Cap stock.
In the last 3 years, FUMB traded as high as $20.72 and as low as $19.88.
FUMB has underperformed the market in the last year with a return of +2.6%, while the SPY ETF gained +20.4%. In the last 3 month period, FUMB fell short of the market, returning +0.6%, while SPY returned +13.3%. However, in the most recent 2 weeks FUMB has outperformed the stock market by returning +0.1%, while SPY returned -1.5%.
FUMB support price is $20.03 and resistance is $20.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FUMB shares will trade within this expected range on the day.