Cwm LLC Purchases 85,657 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Cwm LLC grew its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 103.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,619 shares of the company’s stock after purchasing an additional 85,657 shares during the period. Cwm LLC owned about 0.16% of First Trust Enhanced Short Maturity ETF worth $10,105,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FTSM. Newbridge Financial Services Group Inc. lifted its stake in 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 purchasing an additional 423 shares during the last quarter. CX Institutional bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth about $35,000. Blue Trust Inc. bought a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $46,000. SouthState Bank Corp bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth about $48,000. Finally, Kelleher Financial Advisors bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth about $55,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.92 on Monday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.74 and a 12-month high of $60.14. The business has a 50-day moving average price of $59.92 and a two-hundred day moving average price of $59.98.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

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.