First Trust Enhanced Short Maturity ETF $FTSM Stock: MGO One Seven LLC Boosts Position

MGO One Seven LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 27.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,738 shares of the company’s stock after acquiring an additional 17,032 shares during the period. MGO One Seven LLC owned approximately 0.07% of First Trust Enhanced Short Maturity ETF worth $4,686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock valued at $51,670,000 after acquiring an additional 37,830 shares during the period. Gradient Investments LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 10.7% during the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after purchasing an additional 71,051 shares during the period. Kirkwood Financial Services acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $26,070,000. Summit Financial Wealth Advisors LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 45.0% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock worth $25,145,000 after purchasing an additional 131,083 shares during the period. Finally, Mainsail Financial Group LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.7% in the 3rd quarter. Mainsail Financial Group LLC now owns 390,974 shares of the company’s stock valued at $23,267,000 after purchasing an additional 10,394 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.60 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.49 and a 52 week high of $60.91. The company’s 50-day moving average price is $59.69 and its 200 day moving average price is $59.84.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Friday, October 30th will be issued a $0.2140 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.3%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050. The ex-dividend date of this dividend is Friday, October 30th.

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.