Western Wealth Management LLC Acquires 3,684 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Western Wealth Management LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,889 shares of the company’s stock after purchasing an additional 3,684 shares during the period. First Trust Enhanced Short Maturity ETF accounts for approximately 1.2% of Western Wealth Management LLC’s holdings, making the stock its 17th largest holding. Western Wealth Management LLC owned approximately 0.27% of First Trust Enhanced Short Maturity ETF worth $18,065,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock worth $529,520,000 after acquiring an additional 490,772 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $154,932,000. Bramshill Investments LLC raised its position in First Trust Enhanced Short Maturity ETF by 10.5% in the 4th quarter. Bramshill Investments LLC now owns 1,634,231 shares of the company’s stock worth $97,678,000 after purchasing an additional 155,249 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Enhanced Short Maturity ETF by 11.0% during the 4th quarter. Cetera Investment Advisers now owns 1,532,049 shares of the company’s stock worth $91,571,000 after buying an additional 151,617 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,085,250 shares of the company’s stock worth $64,941,000 after buying an additional 46,237 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ FTSM opened at $60.01 on Thursday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.58 and a 52 week high of $60.16. The stock has a fifty day moving average of $59.91 and a 200-day moving average of $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 30th were given a $0.2275 dividend. This represents a $2.73 dividend on an annualized basis and a yield of 4.55%. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21. The ex-dividend date was Friday, May 30th.

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.