Financial Enhancement Group LLC Buys 134,532 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Financial Enhancement Group LLC increased its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 239.9% in the third quarter, Holdings Channel.com reports. The fund owned 190,612 shares of the company’s stock after acquiring an additional 134,532 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up about 1.5% of Financial Enhancement Group LLC’s holdings, making the stock its 24th biggest holding. Financial Enhancement Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $11,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. TFG Advisers LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 3.9% in the 2nd quarter. TFG Advisers LLC now owns 4,439 shares of the company’s stock valued at $266,000 after purchasing an additional 168 shares during the period. 360 Financial Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 0.7% in the second quarter. 360 Financial Inc. now owns 28,399 shares of the company’s stock worth $1,700,000 after buying an additional 190 shares in the last quarter. Centerpoint Advisory Group boosted its stake in First Trust Enhanced Short Maturity ETF by 2.1% during the second quarter. Centerpoint Advisory Group now owns 12,992 shares of the company’s stock valued at $778,000 after buying an additional 270 shares during the period. Chicago Partners Investment Group LLC grew its position in First Trust Enhanced Short Maturity ETF by 1.1% during the second quarter. Chicago Partners Investment Group LLC now owns 25,318 shares of the company’s stock worth $1,519,000 after buying an additional 273 shares in the last quarter. Finally, Southland Equity Partners LLC grew its position in First Trust Enhanced Short Maturity ETF by 6.9% during the second quarter. Southland Equity Partners LLC now owns 4,552 shares of the company’s stock worth $273,000 after buying an additional 295 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

NASDAQ:FTSM opened at $60.05 on Friday. The business’s 50-day moving average price is $60.01 and its two-hundred day moving average price is $59.98. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.69 and a twelve month high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a yield of 4.0%.

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.