Lion Street Advisors LLC Has $2.09 Million Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Lion Street Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 7.2% during the first quarter, Holdings Channel reports. The institutional investor owned 34,952 shares of the company’s stock after buying an additional 2,356 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up about 0.7% of Lion Street Advisors LLC’s holdings, making the stock its 26th largest position. Lion Street Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,092,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $33,000. US Bancorp DE raised its stake in shares of First Trust Enhanced Short Maturity ETF by 298.0% in the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares during the last quarter. Armis Advisers LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $205,000. World Investment Advisors purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $212,000. Finally, CacheTech Inc. bought a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth $213,000.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ FTSM opened at $59.91 on Wednesday. The business has a fifty day simple moving average of $59.90 and a 200 day simple moving average of $59.89. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.58 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 30th were issued a $0.2275 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.73 annualized dividend and a dividend yield of 4.56%. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21.

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.