10,394 First Trust Enhanced Short Maturity ETF $FTSM Shares Purchased by Mainsail Financial Group LLC

Mainsail Financial Group LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 390,974 shares of the company’s stock after buying an additional 10,394 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises approximately 7.9% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 2nd largest holding. Mainsail Financial Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $23,267,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kirkwood Financial Services bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at $26,070,000. Second Line Capital LLC raised its stake in First Trust Enhanced Short Maturity ETF by 1,588.1% during the second quarter. Second Line Capital LLC now owns 351,126 shares of the company’s stock worth $21,044,000 after buying an additional 330,326 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in First Trust Enhanced Short Maturity ETF by 134.7% during the first quarter. Gateway Wealth Partners LLC now owns 360,020 shares of the company’s stock worth $21,522,000 after buying an additional 206,616 shares during the last quarter. Fifth Third Bancorp acquired a new position in First Trust Enhanced Short Maturity ETF in the first quarter valued at $8,787,000. Finally, Ifrah Financial Services Inc. acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at $7,928,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.72 on Monday. The company’s fifty day simple moving average is $59.71 and its 200 day simple moving average is $59.80. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.49 and a 12-month high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2050 per share. This represents a $2.46 dividend on an annualized basis and a yield of 4.1%. 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.

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.