ZEGA Investments LLC Has $2.99 Million Stake in First Trust Enhanced Short Maturity ETF $FTSM

ZEGA Investments LLC boosted its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.3% in the second quarter, Holdings Channel reports. The firm owned 49,935 shares of the company’s stock after purchasing an additional 1,130 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises about 0.4% of ZEGA Investments LLC’s holdings, making the stock its 29th biggest position. ZEGA Investments LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,990,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Anderson Financial Strategies LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter worth about $45,000. SVB Wealth LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at about $132,000. Flaharty Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the first quarter worth about $148,000. Legacy Capital Wealth Partners LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the first quarter valued at approximately $200,000. Finally, Prostatis Group LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the second quarter valued at approximately $223,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.96 on Friday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.69 and a twelve month high of $60.14. The business has a 50 day moving average price of $60.02 and a two-hundred day moving average price of $59.96.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 4th. Investors of record on Friday, October 31st were issued a dividend of $0.21 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, October 31st.

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.