Stablepoint Partners LLC Increases Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Stablepoint Partners LLC increased its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 21.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 155,398 shares of the company’s stock after purchasing an additional 27,363 shares during the period. First Trust Enhanced Short Maturity ETF accounts for 1.7% of Stablepoint Partners LLC’s investment portfolio, making the stock its 8th largest holding. Stablepoint Partners LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $9,288,000 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 company. Tsfg LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $36,000. UMB Bank n.a. acquired a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at $84,000. Trust Co. of Vermont bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $84,000. AdvisorNet Financial Inc acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $91,000. Finally, Centaurus Financial Inc. bought a new position in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at about $119,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $59.95 on Friday. The firm has a 50-day moving average of $59.87 and a 200-day moving average of $59.90. 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 Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were issued a dividend of $0.233 per share. The ex-dividend date was Friday, December 27th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23.

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.