Petix & Botte Co Has $12.58 Million Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Petix & Botte Co lifted its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,435 shares of the company’s stock after purchasing an additional 24,071 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises approximately 3.3% of Petix & Botte Co’s holdings, making the stock its 10th largest position. Petix & Botte Co’s holdings in First Trust Enhanced Short Maturity ETF were worth $12,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. NewEdge Advisors LLC now owns 311,079 shares of the company’s stock worth $18,540,000 after buying an additional 13,539 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Enhanced Short Maturity ETF by 4.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 158,577 shares of the company’s stock valued at $9,451,000 after acquiring an additional 6,864 shares in the last quarter. Front Row Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 100.0% in the 2nd quarter. Front Row Advisors LLC now owns 5,000 shares of the company’s stock worth $299,000 after acquiring an additional 2,500 shares during the last quarter. Truist Financial Corp lifted its position in First Trust Enhanced Short Maturity ETF by 20.1% in the 2nd quarter. Truist Financial Corp now owns 313,096 shares of the company’s stock valued at $18,661,000 after acquiring an additional 52,501 shares in the last quarter. Finally, Brown Financial Advisors purchased a new stake in First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at $1,715,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.95 on Monday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.54 and a 1-year high of $60.16. The business has a fifty day moving average price of $59.87 and a 200-day moving average price of $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were paid a dividend of $0.233 per share. The ex-dividend date of this dividend was Friday, December 27th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23.

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.