TAP Consulting LLC Takes Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

TAP Consulting LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,874 shares of the company’s stock, valued at approximately $1,365,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Osborne Partners Capital Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $251,000. Dynamic Advisor Solutions LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at about $1,301,000. Cedrus LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 16.5% during the fourth quarter. Cedrus LLC now owns 14,220 shares of the company’s stock worth $848,000 after purchasing an additional 2,010 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $450,000. Finally, Industrial Alliance Investment Management Inc. grew its position in First Trust Enhanced Short Maturity ETF by 72.6% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 13,238 shares of the company’s stock worth $787,000 after purchasing an additional 5,568 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

NASDAQ:FTSM traded up $0.02 on Thursday, hitting $59.77. The stock had a trading volume of 663,964 shares, compared to its average volume of 956,066. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.40 and a 1 year high of $59.94. The firm’s fifty day simple moving average is $59.73 and its two-hundred day simple moving average is $59.70.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, April 1st were given a dividend of $0.249 per share. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Thursday, March 28th.

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.