Calton & Associates Inc. Invests $231,000 in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Calton & Associates Inc. purchased a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,858 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GDS Wealth Management boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 204.9% in the 3rd quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock valued at $88,131,000 after purchasing an additional 989,192 shares during the last quarter. TCP Asset Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $18,798,000. Sanctuary Advisors LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $13,259,000. JPMorgan Chase & Co. raised its position in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock valued at $13,132,000 after acquiring an additional 206,449 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 56.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock valued at $30,258,000 after purchasing an additional 182,844 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Down 0.4 %

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.78 on Friday. The business has a fifty day simple moving average of $59.88 and a 200 day simple moving average of $59.91. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 31st will be given a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.71 annualized dividend and a dividend yield of 4.54%.

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.