Dagco Inc. lifted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Free Report) by 64.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 42,426 shares of the company’s stock after acquiring an additional 16,667 shares during the quarter. Dagco Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,525,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. Maia Wealth LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 13.3% in the third quarter. Maia Wealth LLC now owns 32,142 shares of the company’s stock valued at $1,913,000 after acquiring an additional 3,773 shares during the period. Ellsworth Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 4.1% during the third quarter. Ellsworth Advisors LLC now owns 245,440 shares of the company’s stock worth $14,606,000 after purchasing an additional 9,748 shares in the last quarter. Iams Wealth Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at approximately $761,000. Blueline Advisors LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 49.0% during the 3rd quarter. Blueline Advisors LLC now owns 5,398 shares of the company’s stock worth $321,000 after purchasing an additional 1,774 shares during the period. Finally, Summit Financial Wealth Advisors LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 45.0% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock valued at $25,145,000 after purchasing an additional 131,083 shares in the last quarter.
First Trust Enhanced Short Maturity ETF Stock Performance
Shares of FTSM traded down $0.01 during trading hours on Tuesday, reaching $59.66. The company had a trading volume of 293,731 shares, compared to its average volume of 839,713. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.49 and a 12-month high of $60.91. The firm has a 50 day simple moving average of $59.72 and a 200-day simple moving average of $59.80.
First Trust Enhanced Short Maturity ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were given a dividend of $0.2050 per share. The ex-dividend date was Wednesday, September 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 annualized dividend and a yield of 4.1%.
First Trust Enhanced Short Maturity ETF Company Profile
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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