Beacon Financial Advisory LLC Acquires 805 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Beacon Financial Advisory LLC increased its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,579 shares of the company’s stock after acquiring an additional 805 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for approximately 0.7% of Beacon Financial Advisory LLC’s portfolio, making the stock its 25th largest position. Beacon Financial Advisory LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,186,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FTSM. UMB Bank n.a. acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $84,000. Brendel Financial Advisors LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 10.3% during the third quarter. Brendel Financial Advisors LLC now owns 5,710 shares of the company’s stock valued at $342,000 after buying an additional 531 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in First Trust Enhanced Short Maturity ETF by 1,602.2% during the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after buying an additional 206,449 shares in the last quarter. Towerpoint Wealth LLC raised its position in First Trust Enhanced Short Maturity ETF by 0.4% in the 3rd quarter. Towerpoint Wealth LLC now owns 75,492 shares of the company’s stock valued at $4,520,000 after buying an additional 329 shares during the last quarter. Finally, Lion Street Advisors LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 28.9% in the third quarter. Lion Street Advisors LLC now owns 30,263 shares of the company’s stock valued at $1,812,000 after purchasing an additional 6,787 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

NASDAQ:FTSM opened at $59.82 on Thursday. The firm has a 50-day moving average price of $59.87 and a two-hundred day moving average price of $59.91. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.54 and a 52 week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 dividend on an annualized basis and a yield of 4.53%.

About First Trust Enhanced Short Maturity ETF

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.