Wesbanco Bank Inc. Buys 49,660 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Wesbanco Bank Inc. increased its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 24.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,550 shares of the company’s stock after purchasing an additional 49,660 shares during the period. Wesbanco Bank Inc. owned approximately 0.23% of First Trust Enhanced Short Maturity ETF worth $15,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FTSM. Newbridge Financial Services Group Inc. boosted its holdings in First Trust Enhanced Short Maturity ETF by 1,566.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after buying an additional 423 shares during the last quarter. Blair William & Co. IL raised its position in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after acquiring an additional 482 shares during the period. Blue Trust Inc. bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $46,000. Kelleher Financial Advisors bought a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $55,000. Finally, CIBC Private Wealth Group LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $67,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.1%

Shares of NASDAQ:FTSM opened at $59.94 on Friday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.74 and a 52 week high of $60.14. The company has a 50 day moving average price of $59.87 and a two-hundred day moving average price of $59.93.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.