First Trust Enhanced Short Maturity ETF $FTSM Shares Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. lifted its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 9.5% in the third quarter, HoldingsChannel reports. The firm owned 181,604 shares of the company’s stock after buying an additional 15,710 shares during the period. Wesbanco Bank Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $10,880,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after buying an additional 423 shares during the period. CX Institutional acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $35,000. SouthState Bank Corp purchased a new position in First Trust Enhanced Short Maturity ETF in the third quarter worth approximately $48,000. Root Financial Partners LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the third quarter worth approximately $113,000. Finally, EverSource Wealth Advisors LLC increased its stake in First Trust Enhanced Short Maturity ETF by 148,300.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $178,000 after acquiring an additional 2,966 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ:FTSM opened at $59.99 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.73 and a 52 week high of $60.14. The stock’s fifty day moving average is $59.99 and its two-hundred day moving average is $60.00.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Friday, January 30th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, January 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a yield of 4.1%.

About First Trust Enhanced Short Maturity ETF

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.