Stablepoint Partners LLC Purchases 76,286 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Stablepoint Partners LLC boosted its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 53.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,218 shares of the company’s stock after purchasing an additional 76,286 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up about 2.0% of Stablepoint Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Stablepoint Partners LLC owned about 0.21% of First Trust Enhanced Short Maturity ETF worth $13,078,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after buying an additional 110,033 shares during the last quarter. Csenge Advisory Group grew its position in shares of First Trust Enhanced Short Maturity ETF by 18.8% during the 3rd quarter. Csenge Advisory Group now owns 1,861,233 shares of the company’s stock valued at $111,506,000 after buying an additional 294,703 shares during the last quarter. First Trust Advisors LP raised its stake in First Trust Enhanced Short Maturity ETF by 22.2% during the second quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock worth $86,386,000 after acquiring an additional 261,933 shares during the period. Gradient Investments LLC raised its stake in First Trust Enhanced Short Maturity ETF by 3.7% during the fourth quarter. Gradient Investments LLC now owns 628,139 shares of the company’s stock worth $37,644,000 after acquiring an additional 22,373 shares during the period. Finally, Truist Financial Corp lifted its holdings in First Trust Enhanced Short Maturity ETF by 5.2% in the third quarter. Truist Financial Corp now owns 564,814 shares of the company’s stock worth $33,838,000 after acquiring an additional 27,997 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.87 on Friday. The business has a 50 day moving average of $59.98 and a two-hundred day moving average of $60.00. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.73 and a 52 week high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

About First Trust Enhanced Short Maturity ETF

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.