WCG Wealth Advisors LLC Raises Position in First Trust Enhanced Short Maturity ETF $FTSM

WCG Wealth Advisors LLC increased its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 103.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 58,156 shares of the company’s stock after acquiring an additional 29,537 shares during the quarter. WCG Wealth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $3,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTSM. 360 Financial Inc. raised its position in First Trust Enhanced Short Maturity ETF by 0.7% during the third quarter. 360 Financial Inc. now owns 28,589 shares of the company’s stock valued at $1,713,000 after purchasing an additional 190 shares in the last quarter. Rathbones Group PLC raised its position in First Trust Enhanced Short Maturity ETF by 2.4% during the third quarter. Rathbones Group PLC now owns 8,438 shares of the company’s stock valued at $506,000 after purchasing an additional 200 shares in the last quarter. PMV Capital Advisers LLC raised its position in First Trust Enhanced Short Maturity ETF by 4.2% during the fourth quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock valued at $297,000 after purchasing an additional 200 shares in the last quarter. Proactive Wealth Strategies LLC raised its position in First Trust Enhanced Short Maturity ETF by 0.5% during the fourth quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock valued at $4,014,000 after purchasing an additional 318 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its position in First Trust Enhanced Short Maturity ETF by 1,566.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after purchasing an additional 423 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $59.80 on Friday. The stock’s 50-day simple moving average is $59.87 and its two-hundred day simple moving average is $59.95. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.74 and a twelve month high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 29th were given a dividend of $0.205 per share. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

About First Trust Enhanced Short Maturity ETF

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.