Kaydan Wealth Management Inc. Purchases 360,223 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Kaydan Wealth Management Inc. increased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 651.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 415,493 shares of the company’s stock after acquiring an additional 360,223 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises about 7.2% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 6th largest holding. Kaydan Wealth Management Inc. owned approximately 0.39% of First Trust Enhanced Short Maturity ETF worth $24,900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Daymark Wealth Partners LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 46.5% during the fourth quarter. Daymark Wealth Partners LLC now owns 114,734 shares of the company’s stock worth $6,876,000 after purchasing an additional 36,411 shares during the period. PMV Capital Advisers LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 4.2% in the fourth quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock valued at $297,000 after buying an additional 200 shares during the period. Dagco Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $699,000. Gradient Investments LLC grew its position in First Trust Enhanced Short Maturity ETF by 3.7% during the fourth quarter. Gradient Investments LLC now owns 628,139 shares of the company’s stock worth $37,644,000 after buying an additional 22,373 shares in the last quarter. Finally, Lake Street Private Wealth LLC grew its position in First Trust Enhanced Short Maturity ETF by 9.6% during the fourth quarter. Lake Street Private Wealth LLC now owns 259,529 shares of the company’s stock worth $15,554,000 after buying an additional 22,805 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.90 on Wednesday. The stock’s fifty day moving average price is $59.98 and its two-hundred day moving average price is $60.00. First Trust Enhanced Short Maturity ETF has a one year low of $59.73 and a one year high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were given a $0.191 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.