Stone Wealth Partners Makes New Investment in First Trust Enhanced Short Maturity ETF $FTSM

Stone Wealth Partners acquired a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 54,064 shares of the company’s stock, valued at approximately $3,240,000. First Trust Enhanced Short Maturity ETF comprises about 2.9% of Stone Wealth Partners’ holdings, making the stock its 10th biggest position.

Several other hedge funds also recently made changes to their positions in the company. Kinloch Capital LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 0.7% during the fourth quarter. Kinloch Capital LLC now owns 97,770 shares of the company’s stock worth $5,859,000 after purchasing an additional 697 shares in the last quarter. Claris Financial LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $3,093,000. Axxcess Wealth Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $853,000. Troutman Wealth Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $384,000. Finally, NewEdge Advisors LLC increased its position in First Trust Enhanced Short Maturity ETF by 31.5% during the 4th quarter. NewEdge Advisors LLC now owns 346,908 shares of the company’s stock worth $20,790,000 after purchasing an additional 83,090 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.87 on Friday. The stock has a 50 day simple moving average of $59.87 and a 200-day simple moving average of $59.93. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.74 and a 12-month high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 29th were paid a $0.205 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

First Trust Enhanced Short Maturity ETF Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

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