First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,022 shares of the company’s stock after purchasing an additional 225 shares during the quarter. Naples Global Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sachetta LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth about $30,000. Register Financial Advisors LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $38,000. YHB Investment Advisors Inc. bought a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at $47,000. Hilltop National Bank acquired a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $76,000. Finally, Webster Bank N. A. acquired a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $98,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM traded up $0.04 during trading hours on Friday, reaching $59.91. 1,688,006 shares of the company’s stock traded hands, compared to its average volume of 840,425. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.41 and a twelve month high of $59.95. The business’s fifty day simple moving average is $59.79 and its two-hundred day simple moving average is $59.74.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 2nd. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.247 per share. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.25. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $2.96 annualized dividend and a yield of 4.95%.

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.