First Trust Enhanced Short Maturity ETF $FTSM Shares Purchased by Avestar Capital LLC

Avestar Capital LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 91,001 shares of the company’s stock after purchasing an additional 15,636 shares during the period. Avestar Capital LLC owned approximately 0.09% of First Trust Enhanced Short Maturity ETF worth $5,460,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 23.2% during the first quarter. Raymond James Financial Inc. now owns 3,192,327 shares of the company’s stock worth $191,029,000 after buying an additional 600,198 shares during the period. Royal Bank of Canada raised its stake in First Trust Enhanced Short Maturity ETF by 12.7% during the 1st quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock valued at $157,833,000 after acquiring an additional 298,239 shares during the last quarter. Csenge Advisory Group lifted its position in First Trust Enhanced Short Maturity ETF by 32.3% during the 2nd quarter. Csenge Advisory Group now owns 1,566,530 shares of the company’s stock worth $93,678,000 after acquiring an additional 382,650 shares during the period. First Trust Advisors LP lifted its position in First Trust Enhanced Short Maturity ETF by 22.2% during the 2nd quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock worth $86,386,000 after acquiring an additional 261,933 shares during the period. Finally, Concorde Asset Management LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1,243.9% in the 1st quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock valued at $69,717,000 after purchasing an additional 1,078,906 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ:FTSM opened at $59.94 on Friday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.69 and a 12-month high of $60.14. The stock’s 50 day simple moving average is $60.00 and its 200-day simple moving average is $59.98.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 28th were paid a $0.20 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend 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.