Financial Advocates Investment Management Has $3.54 Million Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Financial Advocates Investment Management lifted its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,255 shares of the company’s stock after acquiring an additional 8,295 shares during the period. Financial Advocates Investment Management owned approximately 0.06% of First Trust Enhanced Short Maturity ETF worth $3,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Beacon Financial Advisory LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.3% during the 4th quarter. Beacon Financial Advisory LLC now owns 36,579 shares of the company’s stock worth $2,186,000 after purchasing an additional 805 shares during the period. Summit Wealth Partners LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 34.0% in the 4th quarter. Summit Wealth Partners LLC now owns 54,315 shares of the company’s stock valued at $3,246,000 after acquiring an additional 13,779 shares in the last quarter. Lion Street Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 7.7% in the 4th quarter. Lion Street Advisors LLC now owns 32,596 shares of the company’s stock valued at $1,948,000 after acquiring an additional 2,333 shares in the last quarter. Stratos Investment Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $762,000. Finally, PFS Partners LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 149.2% in the fourth quarter. PFS Partners LLC now owns 5,476 shares of the company’s stock valued at $327,000 after purchasing an additional 3,279 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

FTSM opened at $59.82 on Thursday. The firm’s fifty day moving average price is $59.87 and its two-hundred day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were paid a dividend of $0.226 per share. This represents a $2.71 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Friday, January 31st.

First Trust Enhanced Short Maturity ETF Company 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.