Kaydan Wealth Management Inc. Acquires 360,223 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Kaydan Wealth Management Inc. raised its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 651.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 415,493 shares of the company’s stock after acquiring an additional 360,223 shares during the period. First Trust Enhanced Short Maturity ETF comprises 7.2% of Kaydan Wealth Management Inc.’s holdings, making the stock its 6th biggest holding. Kaydan Wealth Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $24,900,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Daymark Wealth Partners LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 46.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 114,734 shares of the company’s stock worth $6,876,000 after acquiring an additional 36,411 shares during the last quarter. PMV Capital Advisers LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.2% during the 4th quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock valued at $297,000 after purchasing an additional 200 shares during the last quarter. Dagco Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $699,000. Gradient Investments LLC increased its position in First Trust Enhanced Short Maturity ETF by 3.7% during the 4th quarter. Gradient Investments LLC now owns 628,139 shares of the company’s stock worth $37,644,000 after purchasing an additional 22,373 shares in the last quarter. Finally, Lake Street Private Wealth LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 9.6% in the 4th quarter. Lake Street Private Wealth LLC now owns 259,529 shares of the company’s stock valued at $15,554,000 after purchasing an additional 22,805 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.90 on Wednesday. The company’s 50 day moving average price is $59.98 and its two-hundred day moving average price 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 business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were issued a $0.191 dividend. This represents a c) dividend on an annualized basis and a 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.