Western Wealth Management LLC Has $14.55 Million Stock Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Western Wealth Management LLC boosted its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,937 shares of the company’s stock after purchasing an additional 13,968 shares during the period. First Trust Enhanced Short Maturity ETF comprises about 0.8% of Western Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Western Wealth Management LLC owned about 0.24% of First Trust Enhanced Short Maturity ETF worth $14,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Newbridge Financial Services Group Inc. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 423 shares in the last quarter. CX Institutional acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $35,000. SouthState Bank Corp bought a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $48,000. Root Financial Partners LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at about $113,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 148,300.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $178,000 after purchasing an additional 2,966 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.99 on Monday. The business has a 50 day moving average of $59.99 and a 200-day moving average of $60.00. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.73 and a 1 year high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, January 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.