First Trust Enhanced Short Maturity ETF $FTSM Stock: Summit Financial Wealth Advisors LLC Increases Position

Summit Financial Wealth Advisors LLC grew its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 45.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 422,527 shares of the company’s stock after buying an additional 131,083 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for 3.1% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Summit Financial Wealth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $25,145,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. BDFS Capital LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $63,291,000. Envestnet Asset Management Inc. increased its position in First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd 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 period. Gradient Investments LLC increased its position in First Trust Enhanced Short Maturity ETF by 10.7% during the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after purchasing an additional 71,051 shares during the period. &PARTNERS raised its stake in shares of First Trust Enhanced Short Maturity ETF by 60.2% during the 4th quarter. &PARTNERS now owns 587,006 shares of the company’s stock worth $35,147,000 after buying an additional 220,685 shares in the last quarter. Finally, Kirkwood Financial Services purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $26,070,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of FTSM traded up $0.01 during mid-day trading on Thursday, hitting $59.65. The company’s stock had a trading volume of 360,658 shares, compared to its average volume of 843,441. The firm has a 50-day simple moving average of $59.72 and a 200 day simple moving average 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 business also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were paid a $0.2050 dividend. This represents a $2.46 annualized dividend and a dividend yield of 4.1%. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. The ex-dividend date was Wednesday, September 30th.

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.