Mutual Advisors LLC Has $7.50 Million Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Mutual Advisors LLC boosted its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 51.4% in the second quarter, HoldingsChannel.com reports. The firm owned 124,908 shares of the company’s stock after buying an additional 42,424 shares during the period. Mutual Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $7,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anderson Financial Strategies LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at about $45,000. Salomon & Ludwin LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth approximately $60,000. SVB Wealth LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $132,000. Flaharty Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $148,000. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at approximately $200,000.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock opened at $60.02 on Wednesday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.69 and a 52-week high of $60.11. The firm has a 50 day moving average price of $60.01 and a two-hundred day moving average price of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 30th were given a dividend of $0.213 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.