First Trust Advisors LP Raises Stake in First Trust Enhanced Short Maturity ETF $FTSM

First Trust Advisors LP raised its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 22.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,442,892 shares of the company’s stock after buying an additional 261,933 shares during the quarter. First Trust Advisors LP owned about 1.39% of First Trust Enhanced Short Maturity ETF worth $86,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Anderson Financial Strategies LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $45,000. SVB Wealth LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter worth approximately $132,000. Flaharty Asset Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $148,000. EverSource Wealth Advisors LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 148,300.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after purchasing an additional 2,966 shares during the period. Finally, Prostatis Group LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at $223,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock opened at $59.94 on Friday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.69 and a 52-week high of $60.14. The business’s fifty day moving average is $60.00 and its 200 day moving average is $59.98.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 28th were given a dividend of $0.20 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, November 28th.

First Trust Enhanced Short Maturity ETF Company Profile

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that is based on the Bloomberg U.S. Short Treasury Bond index. The fund is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years. FTSM was launched on Aug 5, 2014 and is managed by First Trust.