Systelligence LLC Invests $17.63 Million in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Systelligence LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 296,647 shares of the company’s stock, valued at approximately $17,633,000. First Trust Enhanced Short Maturity ETF comprises about 4.6% of Systelligence LLC’s portfolio, making the stock its 5th largest holding. Systelligence LLC owned approximately 0.22% of First Trust Enhanced Short Maturity ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $28,000. Heritage Wealth Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $36,000. EPG Wealth Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $42,000. Harbor Investment Advisory LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 797.0% in the third quarter. Harbor Investment Advisory LLC now owns 897 shares of the company’s stock worth $53,000 after buying an additional 797 shares in the last quarter. Finally, Mach 1 Financial Group LLC bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $58,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.57 on Friday. First Trust Enhanced Short Maturity ETF has a one year low of $59.26 and a one year high of $59.69. The company’s 50 day moving average price is $59.56 and its two-hundred day moving average price is $59.47.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, March 3rd. Investors of record on Wednesday, March 1st were given a $0.201 dividend. This represents a $2.41 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Tuesday, February 28th.

First Trust Enhanced Short Maturity ETF Profile

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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.