Kirkwood Financial Services Makes New Investment in First Trust Enhanced Short Maturity ETF $FTSM

Kirkwood Financial Services acquired a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 436,651 shares of the company’s stock, valued at approximately $26,070,000. First Trust Enhanced Short Maturity ETF comprises approximately 7.5% of Kirkwood Financial Services’ investment portfolio, making the stock its 5th biggest position. Kirkwood Financial Services owned approximately 0.40% of First Trust Enhanced Short Maturity ETF as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 1,566.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after buying an additional 423 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth approximately $42,000. Blair William & Co. IL lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock worth $44,000 after acquiring an additional 482 shares during the last quarter. Kelleher Financial Advisors bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $55,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $67,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.72 on Monday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.67 and a 52 week high of $60.91. The firm’s fifty day moving average is $59.81 and its 200 day moving average is $59.86.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 31st were given a dividend of $0.204 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, August 31st.

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.