Iams Wealth Management LLC Purchases 12,795 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Iams Wealth Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,795 shares of the company’s stock, valued at approximately $761,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Analysts LLC lifted its position in First Trust Enhanced Short Maturity ETF by 175.3% during the second quarter. Capital Analysts LLC now owns 603 shares of the company’s stock valued at $36,000 after buying an additional 384 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter worth about $42,000. CoreCap Advisors LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 16.9% in the 2nd quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after buying an additional 178 shares during the period. Mather Group LLC. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $106,000. Finally, Evolution Wealth Management Inc. increased its stake in shares of First Trust Enhanced Short Maturity ETF by 6.4% in the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after acquiring an additional 209 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.65 on Friday. The company has a 50-day moving average of $59.72 and a 200 day moving average of $59.80. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.49 and a 1 year high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were paid a dividend of $0.2050 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 annualized dividend and a yield of 4.1%.

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.