IMG Wealth Management Inc. Lowers Position in First Trust Enhanced Short Maturity ETF $FTSM

IMG Wealth Management Inc. reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 58.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,656 shares of the company’s stock after selling 34,695 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up 0.9% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 21st largest holding. IMG Wealth Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after purchasing an additional 3,600,586 shares during the last quarter. GDS Wealth Management increased its position in shares of First Trust Enhanced Short Maturity ETF by 105.2% during the 4th quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock valued at $51,485,000 after purchasing an additional 440,329 shares during the last quarter. Kaydan Wealth Management Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 651.8% during the 4th quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock valued at $24,900,000 after purchasing an additional 360,223 shares during the last quarter. Csenge Advisory Group increased its position in shares of 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 purchasing an additional 294,703 shares during the last quarter. Finally, Triad Wealth Partners LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 674.4% during the 4th quarter. Triad Wealth Partners LLC now owns 291,939 shares of the company’s stock valued at $17,496,000 after purchasing an additional 254,240 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.87 on Friday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.74 and a 1 year high of $60.14. The stock has a fifty day moving average price of $59.88 and a 200-day moving average price of $59.96.

First Trust Enhanced Short Maturity ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 30th were given a dividend of $0.201 per share. The ex-dividend date of this dividend was Thursday, April 30th.

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.