Gilliland Jeter Wealth Management LLC Acquires New Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gilliland Jeter Wealth Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, Holdings Channel reports. The fund acquired 4,882 shares of the company’s stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTSM. International Assets Investment Management LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 3,702.2% in the 4th quarter. International Assets Investment Management LLC now owns 2,990,367 shares of the company’s stock valued at $178,405,000 after purchasing an additional 2,911,719 shares during the last quarter. Avestar Capital LLC raised its position in First Trust Enhanced Short Maturity ETF by 178.5% during the 3rd quarter. Avestar Capital LLC now owns 505,608 shares of the company’s stock worth $30,043,000 after buying an additional 324,062 shares during the last quarter. LPL Financial LLC raised its position in First Trust Enhanced Short Maturity ETF by 2.3% during the 3rd quarter. LPL Financial LLC now owns 8,722,953 shares of the company’s stock worth $518,318,000 after buying an additional 195,687 shares during the last quarter. HBK Sorce Advisory LLC raised its position in First Trust Enhanced Short Maturity ETF by 126.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 273,944 shares of the company’s stock worth $16,344,000 after buying an additional 152,755 shares during the last quarter. Finally, IronBridge Private Wealth LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $7,784,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM traded up $0.02 during trading on Friday, reaching $59.78. 691,093 shares of the company’s stock were exchanged, compared to its average volume of 952,794. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.40 and a 1 year high of $59.94. The company’s fifty day simple moving average is $59.72 and its 200-day simple moving average is $59.70.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, April 1st were given a dividend of $0.249 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Thursday, March 28th.

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.