Western Wealth Management LLC Has $17.42 Million Position in First Trust Enhanced Short Maturity ETF $FTSM

Western Wealth Management LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 291,411 shares of the company’s stock after acquiring an additional 15,570 shares during the period. First Trust Enhanced Short Maturity ETF accounts for about 0.6% of Western Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Western Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $17,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTSM. Evolution Wealth Management Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 6.4% during the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock valued at $206,000 after acquiring an additional 209 shares during the period. Proactive Wealth Strategies LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.5% during the 4th quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock worth $4,014,000 after purchasing an additional 318 shares in the last quarter. Principal Securities Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.1% in the fourth quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock worth $1,885,000 after purchasing an additional 346 shares during the period. Del Sette Capital Management LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 9.1% in the first quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock worth $256,000 after purchasing an additional 357 shares during the period. Finally, Citizens Financial Group Inc. RI raised its stake in First Trust Enhanced Short Maturity ETF by 0.7% in the first quarter. Citizens Financial Group Inc. RI now owns 56,439 shares of the company’s stock valued at $3,386,000 after purchasing an additional 371 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

FTSM opened at $59.79 on Wednesday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.70 and a twelve month high of $60.14. The company has a 50-day simple moving average of $59.82 and a 200 day simple moving average of $59.89.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Friday, July 31st were given a $0.206 dividend. The ex-dividend date was Friday, July 31st. 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.