Avestar Capital LLC Buys 11,760 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Avestar Capital LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMFree Report) by 13.8% in the 4th quarter, Holdings Channel reports. The firm owned 97,104 shares of the company’s stock after purchasing an additional 11,760 shares during the quarter. Avestar Capital LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $5,819,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FTSM. Newbridge Financial Services Group Inc. raised its position in 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 worth $27,000 after purchasing an additional 423 shares during the last quarter. Blue Trust Inc. bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $46,000. SouthState Bank Corp bought a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $48,000. Kelleher Financial Advisors bought a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $55,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $67,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.77 on Thursday. The stock has a 50-day moving average price of $59.87 and a 200-day moving average price of $59.95. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.74 and a 1-year high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 4.1%.

About First Trust Enhanced Short Maturity ETF

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

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