Golden State Wealth Management LLC Invests $3.32 Million in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Golden State Wealth Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 4th quarter, HoldingsChannel reports. The fund purchased 55,618 shares of the company’s stock, valued at approximately $3,324,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. acquired a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $84,000. Brendel Financial Advisors LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 10.3% in the third quarter. Brendel Financial Advisors LLC now owns 5,710 shares of the company’s stock valued at $342,000 after purchasing an additional 531 shares during the last quarter. San Luis Wealth Advisors LLC lifted its position in First Trust Enhanced Short Maturity ETF by 11.8% during the third quarter. San Luis Wealth Advisors LLC now owns 11,499 shares of the company’s stock worth $688,000 after buying an additional 1,217 shares in the last quarter. Towerpoint Wealth LLC lifted its position in First Trust Enhanced Short Maturity ETF by 0.4% during the third quarter. Towerpoint Wealth LLC now owns 75,492 shares of the company’s stock worth $4,520,000 after buying an additional 329 shares in the last quarter. Finally, Castle Rock Wealth Management LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 1.5% during the third quarter. Castle Rock Wealth Management LLC now owns 60,985 shares of the company’s stock worth $3,652,000 after buying an additional 881 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $59.82 on Friday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16. The stock has a fifty day simple moving average of $59.86 and a two-hundred day simple moving average of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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