Cannon Advisors Inc. Raises Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Cannon Advisors Inc. increased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,722 shares of the company’s stock after acquiring an additional 1,385 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up about 1.3% of Cannon Advisors Inc.’s holdings, making the stock its 27th largest position. Cannon Advisors Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Marshall Investment Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth $33,000. US Bancorp DE raised its position in First Trust Enhanced Short Maturity ETF by 298.0% in the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after acquiring an additional 873 shares during the period. AdvisorNet Financial Inc purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $91,000. Global Trust Asset Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $159,000. Finally, City Center Advisors LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $210,000.

First Trust Enhanced Short Maturity ETF Stock Down 0.3 %

NASDAQ:FTSM opened at $59.84 on Tuesday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16. The firm’s 50 day moving average is $59.91 and its 200 day moving average is $59.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 31st will be paid a dividend of $0.222 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date is Monday, March 31st.

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.