Bleakley Financial Group LLC Acquires Shares of 57,209 First Trust Ultra Short Duration Municipal ETF $FUMB

Bleakley Financial Group LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 57,209 shares of the company’s stock, valued at approximately $1,150,000. Bleakley Financial Group LLC owned about 0.53% of First Trust Ultra Short Duration Municipal ETF as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter worth about $29,000. WealthBridge Capital Management LLC boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 3.5% in the 3rd quarter. WealthBridge Capital Management LLC now owns 43,405 shares of the company’s stock valued at $872,000 after purchasing an additional 1,479 shares in the last quarter. Occidental Asset Management LLC increased its position in First Trust Ultra Short Duration Municipal ETF by 7.5% during the 3rd quarter. Occidental Asset Management LLC now owns 22,250 shares of the company’s stock worth $447,000 after purchasing an additional 1,550 shares during the period. World Investment Advisors increased its position in First Trust Ultra Short Duration Municipal ETF by 12.2% during the 3rd quarter. World Investment Advisors now owns 16,125 shares of the company’s stock worth $324,000 after purchasing an additional 1,750 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of 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 worth $251,000 after buying an additional 2,500 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

First Trust Ultra Short Duration Municipal ETF stock opened at $20.09 on Wednesday. The stock’s 50 day moving average price is $20.10 and its 200 day moving average price 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 business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.046 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

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.