First Trust Enhanced Short Maturity ETF $FTSM Shares Acquired by Financial Enhancement Group LLC

Financial Enhancement Group LLC boosted its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 56.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 298,619 shares of the company’s stock after purchasing an additional 108,007 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises about 2.3% of Financial Enhancement Group LLC’s holdings, making the stock its 10th largest position. Financial Enhancement Group LLC owned 0.29% of First Trust Enhanced Short Maturity ETF worth $17,929,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd 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 during the last quarter. CX Institutional acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $35,000. Blue Trust Inc. acquired a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $46,000. SouthState Bank Corp acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $48,000. Finally, Kelleher Financial Advisors acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $55,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.87 on Tuesday. The firm has a 50-day moving average price of $59.93 and a 200 day moving average price of $59.98. 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 Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 31st were paid a $0.208 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.19.

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.