First Trust Enhanced Short Maturity ETF $FTSM Stake Boosted by Gerald Baker Financial Group LLC

Gerald Baker Financial Group LLC grew its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 53.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,614 shares of the company’s stock after buying an additional 33,851 shares during the period. First Trust Enhanced Short Maturity ETF accounts for approximately 1.6% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its 19th largest position. Gerald Baker Financial Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $5,750,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. First Heartland Consultants Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $589,000. Farther Finance Advisors LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 24.8% during the third quarter. Farther Finance Advisors LLC now owns 73,868 shares of the company’s stock worth $4,396,000 after purchasing an additional 14,659 shares in the last quarter. Titleist Asset Management LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 0.5% during the 3rd quarter. Titleist Asset Management LLC now owns 238,310 shares of the company’s stock worth $14,182,000 after buying an additional 1,087 shares during the last quarter. Venture Visionary Partners LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $242,000. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Enhanced Short Maturity ETF by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock worth $51,670,000 after purchasing an additional 37,830 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM traded up $0.01 on Friday, reaching $59.62. The company had a trading volume of 245,809 shares, compared to its average volume of 845,785. The stock has a 50-day moving average price of $59.73 and a 200-day moving average price of $59.81. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.49 and a 1 year high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were given a $0.2050 dividend. The ex-dividend date was Wednesday, September 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 annualized dividend and a yield of 4.1%.

First Trust Enhanced Short Maturity ETF Company 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.