Kirkwood Financial Services Takes $26.07 Million Position in First Trust Enhanced Short Maturity ETF $FTSM

Kirkwood Financial Services bought a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 436,651 shares of the company’s stock, valued at approximately $26,070,000. First Trust Enhanced Short Maturity ETF comprises approximately 7.5% of Kirkwood Financial Services’ investment portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in First Trust Enhanced Short Maturity ETF by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after acquiring an additional 876,866 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Enhanced Short Maturity ETF by 1,953.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock worth $226,830,000 after purchasing an additional 3,600,586 shares in the last quarter. Royal Bank of Canada raised its holdings in First Trust Enhanced Short Maturity ETF by 1.2% in the 4th quarter. Royal Bank of Canada now owns 2,981,955 shares of the company’s stock worth $178,708,000 after purchasing an additional 34,833 shares in the last quarter. Bank of America Corp DE raised its holdings in First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after purchasing an additional 110,033 shares in the last quarter. Finally, Csenge Advisory Group lifted its position in shares of First Trust Enhanced Short Maturity ETF by 0.6% in the 4th quarter. Csenge Advisory Group now owns 1,871,976 shares of the company’s stock worth $112,188,000 after purchasing an additional 10,743 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $59.72 on Monday. The firm’s 50-day moving average price is $59.81 and its 200-day moving average price is $59.86. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.67 and a 1-year high of $60.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 31st were issued a $0.204 dividend. The ex-dividend date was Monday, August 31st. This represents a c) annualized dividend and a yield of 4.1%.

First Trust Enhanced Short Maturity ETF Company 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.