Ellsworth Advisors LLC Buys 9,748 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Ellsworth Advisors LLC lifted its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 245,440 shares of the company’s stock after purchasing an additional 9,748 shares during the period. First Trust Enhanced Short Maturity ETF makes up about 2.4% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Ellsworth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $14,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FTSM. Iams Wealth Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $761,000. Blueline Advisors LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 49.0% in the 3rd quarter. Blueline Advisors LLC now owns 5,398 shares of the company’s stock worth $321,000 after acquiring an additional 1,774 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 45.0% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock worth $25,145,000 after acquiring an additional 131,083 shares during the last quarter. WealthPlan Investment Management LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 6.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 122,189 shares of the company’s stock worth $7,271,000 after acquiring an additional 6,894 shares during the last quarter. Finally, ASL Financial LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $210,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

NASDAQ FTSM opened at $59.65 on Friday. The business’s fifty day simple moving average is $59.72 and its 200-day simple moving average is $59.80. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.49 and a 52 week high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were given a dividend of $0.2050 per share. The ex-dividend date was Wednesday, September 30th. This is an increase 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 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.