GDS Wealth Management Grows Stock Position in First Trust Enhanced Short Maturity ETF $FTSM

GDS Wealth Management increased its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 50.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 418,749 shares of the company’s stock after acquiring an additional 140,991 shares during the period. First Trust Enhanced Short Maturity ETF comprises about 1.7% of GDS Wealth Management’s holdings, making the stock its 17th largest holding. GDS Wealth Management owned approximately 0.41% of First Trust Enhanced Short Maturity ETF worth $25,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brueske Advisory Services LLC lifted its position in First Trust Enhanced Short Maturity ETF by 8.9% in the third quarter. Brueske Advisory Services LLC now owns 34,161 shares of the company’s stock valued at $2,047,000 after purchasing an additional 2,795 shares during the last quarter. Symphony Financial Ltd. Co. increased its stake in shares of First Trust Enhanced Short Maturity ETF by 8.7% in the third quarter. Symphony Financial Ltd. Co. now owns 16,031 shares of the company’s stock worth $960,000 after buying an additional 1,279 shares during the period. Naples Global Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 47.5% during the 3rd quarter. Naples Global Advisors LLC now owns 28,402 shares of the company’s stock valued at $1,707,000 after buying an additional 9,150 shares during the last quarter. Twin Peaks Wealth Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 1.9% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 118,959 shares of the company’s stock valued at $7,127,000 after buying an additional 2,200 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in First Trust Enhanced Short Maturity ETF by 7.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 27,131 shares of the company’s stock valued at $1,631,000 after buying an additional 1,813 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $60.08 on Friday. The firm’s 50-day moving average price is $60.00 and its two-hundred day moving average price is $60.00. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.69 and a 12-month high of $60.14.

First Trust Enhanced Short Maturity ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.