Transcendent Capital Group LLC Raises Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Transcendent Capital Group LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 83.1% during the fourth quarter, Holdings Channel reports. The fund owned 169,007 shares of the company’s stock after buying an additional 76,708 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises 5.3% of Transcendent Capital Group LLC’s investment portfolio, making the stock its 3rd largest position. Transcendent Capital Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $10,102,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FTSM. JPMorgan Chase & Co. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% during the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after acquiring an additional 206,449 shares in the last quarter. Guided Capital Wealth Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $6,920,000. J.W. Cole Advisors Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 2.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 26,514 shares of the company’s stock worth $1,587,000 after acquiring an additional 725 shares during the period. Creekmur Asset Management LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 2.8% in the third quarter. Creekmur Asset Management LLC now owns 166,783 shares of the company’s stock worth $9,985,000 after purchasing an additional 4,617 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in First Trust Enhanced Short Maturity ETF by 8.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock valued at $255,000 after acquiring an additional 339 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $59.97 on Tuesday. The stock’s 50-day simple moving average is $59.87 and its 200 day simple moving average is $59.91. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were issued a $0.226 dividend. This represents a $2.71 annualized dividend and a yield of 4.52%. The ex-dividend date was Friday, January 31st.

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.