First Trust Enhanced Short Maturity ETF $FTSM Shares Purchased by Purus Wealth Management LLC

Purus Wealth Management LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 40.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 38,021 shares of the company’s stock after purchasing an additional 10,992 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises 1.0% of Purus Wealth Management LLC’s portfolio, making the stock its 28th largest position. Purus Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,275,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTSM. Fairway Financial LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 0.3% in the first quarter. Fairway Financial LLC now owns 96,857 shares of the company’s stock worth $5,796,000 after acquiring an additional 248 shares in the last quarter. Clear Point Advisors Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 0.7% in the first quarter. Clear Point Advisors Inc. now owns 37,048 shares of the company’s stock worth $2,210,000 after acquiring an additional 268 shares in the last quarter. Beacon Financial Advisory LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 0.8% in the first quarter. Beacon Financial Advisory LLC now owns 36,855 shares of the company’s stock worth $2,205,000 after acquiring an additional 276 shares in the last quarter. Assetmark Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.5% in the first quarter. Assetmark Inc. now owns 25,582 shares of the company’s stock worth $1,531,000 after acquiring an additional 372 shares in the last quarter. Finally, L.M. Kohn & Company increased its position in shares of First Trust Enhanced Short Maturity ETF by 2.0% in the first quarter. L.M. Kohn & Company now owns 23,267 shares of the company’s stock worth $1,392,000 after acquiring an additional 459 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

First Trust Enhanced Short Maturity ETF stock opened at $60.01 on Friday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.69 and a 52-week high of $60.16. The firm has a fifty day moving average of $59.95 and a 200-day moving average of $59.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 4th. Investors of record on Thursday, July 31st were issued a dividend of $0.218 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.22.

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.