Northwestern Mutual Wealth Management Co. Increases Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Northwestern Mutual Wealth Management Co. lifted its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,347 shares of the company’s stock after acquiring an additional 9,488 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.18% of First Trust Enhanced Short Maturity ETF worth $10,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Concorde Asset Management LLC raised its position in First Trust Enhanced Short Maturity ETF by 1,243.9% during the first quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock valued at $69,717,000 after purchasing an additional 1,078,906 shares during the period. Paragon Advisors LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at approximately $63,815,000. Raymond James Financial Inc. raised its holdings in First Trust Enhanced Short Maturity ETF by 23.2% during the 1st quarter. Raymond James Financial Inc. now owns 3,192,327 shares of the company’s stock valued at $191,029,000 after buying an additional 600,198 shares during the period. Csenge Advisory Group raised its holdings in First Trust Enhanced Short Maturity ETF by 32.3% during the 2nd quarter. Csenge Advisory Group now owns 1,566,530 shares of the company’s stock valued at $93,678,000 after buying an additional 382,650 shares during the period. Finally, Royal Bank of Canada lifted its position in First Trust Enhanced Short Maturity ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock worth $157,833,000 after buying an additional 298,239 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Down 0.0%

NASDAQ FTSM opened at $59.90 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.69 and a 52 week high of $60.14. The company has a fifty day moving average of $60.02 and a two-hundred day moving average of $59.98.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.