Summit Wealth Partners LLC boosted its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Free Report) by 48.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,536 shares of the company’s stock after acquiring an additional 13,274 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,427,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in FTSM. Abich Financial Wealth Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the second quarter valued at approximately $34,000. Tsfg LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at $36,000. Hilltop National Bank bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at $76,000. PSI Advisors LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 1,893.9% in the 2nd quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock worth $78,000 after buying an additional 1,250 shares during the period. Finally, UMB Bank n.a. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $84,000.
First Trust Enhanced Short Maturity ETF Price Performance
Shares of NASDAQ FTSM opened at $59.79 on Friday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.43 and a 1 year high of $60.16. The firm has a 50-day moving average of $59.98 and a 200 day moving average of $59.83.
First Trust Enhanced Short Maturity ETF Cuts Dividend
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.
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