Gradient Investments LLC Buys 22,373 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Gradient Investments LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 628,139 shares of the company’s stock after purchasing an additional 22,373 shares during the period. Gradient Investments LLC owned approximately 0.60% of First Trust Enhanced Short Maturity ETF worth $37,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after buying an additional 423 shares during the period. CX Institutional bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth $35,000. SouthState Bank Corp bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth $48,000. Kelleher Financial Advisors purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at $55,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at $67,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.88 on Monday. The business’s 50-day moving average is $59.99 and its two-hundred day moving average is $60.00. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.73 and a fifty-two week high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 27th were paid a $0.191 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, February 27th.

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.