Dagco Inc. Makes New Investment in First Trust Enhanced Short Maturity ETF $FTSM

Dagco Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,665 shares of the company’s stock, valued at approximately $699,000.

A number of other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after buying an additional 110,033 shares during the period. Csenge Advisory Group boosted its holdings in First Trust Enhanced Short Maturity ETF by 18.8% during the 3rd quarter. Csenge Advisory Group now owns 1,861,233 shares of the company’s stock valued at $111,506,000 after acquiring an additional 294,703 shares during the period. First Trust Advisors LP grew its position in First Trust Enhanced Short Maturity ETF by 22.2% in the 2nd quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock valued at $86,386,000 after acquiring an additional 261,933 shares in the last quarter. Gradient Investments LLC grew its position in First Trust Enhanced Short Maturity ETF by 3.7% in the 4th quarter. Gradient Investments LLC now owns 628,139 shares of the company’s stock valued at $37,644,000 after acquiring an additional 22,373 shares in the last quarter. Finally, Truist Financial Corp increased its stake in First Trust Enhanced Short Maturity ETF by 5.2% during the third quarter. Truist Financial Corp now owns 564,814 shares of the company’s stock worth $33,838,000 after purchasing an additional 27,997 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $59.88 on Monday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.73 and a 1 year high of $60.14. The company’s 50-day simple moving average is $59.99 and its 200-day simple moving average is $60.00.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were paid a dividend of $0.191 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th.

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.