SageGuard Financial Group LLC Makes New Investment in First Trust Enhanced Short Maturity ETF $FTSM

SageGuard Financial Group LLC bought a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 83,848 shares of the company’s stock, valued at approximately $5,012,000.

Other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its position in shares of 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 worth $27,000 after buying an additional 423 shares in the last quarter. Blair William & Co. IL raised its holdings in First Trust Enhanced Short Maturity ETF by 195.9% in the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after acquiring an additional 482 shares in the last quarter. Blue Trust Inc. acquired a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $46,000. Kelleher Financial Advisors bought a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at $55,000. Finally, CIBC Private Wealth Group LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at $67,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.94 on Monday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.74 and a 1-year high of $60.14. The firm has a fifty day moving average of $59.87 and a two-hundred day moving average of $59.93.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

First Trust Enhanced Short Maturity ETF 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.