IFP Advisors Inc Acquires 59,904 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

IFP Advisors Inc grew its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 20.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 352,951 shares of the company’s stock after purchasing an additional 59,904 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up approximately 0.7% of IFP Advisors Inc’s holdings, making the stock its 21st biggest holding. IFP Advisors Inc owned about 0.34% of First Trust Enhanced Short Maturity ETF worth $21,096,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Marshall Investment Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $33,000. AdvisorNet Financial Inc acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $91,000. Centaurus Financial Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 26.4% in the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after acquiring an additional 527 shares during the period. Global Trust Asset Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $159,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at approximately $177,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of NASDAQ:FTSM opened at $59.96 on Monday. The firm’s 50 day simple moving average is $59.87 and its 200 day simple moving average is $59.91. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were given a $0.226 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 dividend on an annualized basis and a dividend yield of 4.52%.

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.