Hilton Head Capital Partners LLC Takes Position in First Trust Enhanced Short Maturity ETF $FTSM

Hilton Head Capital Partners LLC bought a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the fourth quarter, Holdings Channel reports. The institutional investor bought 260,420 shares of the company’s stock, valued at approximately $15,607,000. First Trust Enhanced Short Maturity ETF makes up about 9.1% of Hilton Head Capital Partners LLC’s portfolio, making the stock its biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in FTSM. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after buying an additional 3,600,586 shares during the last quarter. GDS Wealth Management raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 105.2% in the fourth quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock valued at $51,485,000 after buying an additional 440,329 shares during the last quarter. Kaydan Wealth Management Inc. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 651.8% in the fourth quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock valued at $24,900,000 after buying an additional 360,223 shares during the last quarter. Triad Wealth Partners LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 674.4% in the fourth quarter. Triad Wealth Partners LLC now owns 291,939 shares of the company’s stock valued at $17,496,000 after buying an additional 254,240 shares during the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $14,810,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM opened at $59.79 on Monday. The company has a 50-day simple moving average of $59.87 and a 200-day simple moving average of $59.94. First Trust Enhanced Short Maturity ETF has a one year low of $59.74 and a one year high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 29th were issued a dividend of $0.205 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 29th.

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.