Rockefeller Capital Management L.P. Acquires 34,765 Shares of First Trust Ultra Short Duration Municipal ETF $FUMB

Rockefeller Capital Management L.P. increased its stake in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) by 38.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 124,464 shares of the company’s stock after buying an additional 34,765 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in First Trust Ultra Short Duration Municipal ETF were worth $2,497,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in First Trust Ultra Short Duration Municipal ETF during the second quarter worth about $29,000. Tucker Asset Management LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the fourth quarter worth about $41,000. Advisory Services Network LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at about $77,000. CoreCap Advisors LLC boosted its stake in First Trust Ultra Short Duration Municipal ETF by 250.6% in the fourth quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock valued at $89,000 after acquiring an additional 3,177 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at approximately $249,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB stock opened at $20.08 on Tuesday. The company has a 50 day moving average of $20.06 and a 200-day moving average of $20.08. First Trust Ultra Short Duration Municipal ETF has a 12-month low of $19.98 and a 12-month high of $20.72.

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.