Brookwood Investment Group LLC Takes $1.16 Million Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Brookwood Investment Group LLC acquired a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,460 shares of the company’s stock, valued at approximately $1,164,000.

A number of other large investors also recently bought and sold shares of the business. Salomon & Ludwin LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the first quarter worth $60,000. Legacy Capital Wealth Partners LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the 1st quarter valued at about $200,000. Armis Advisers LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $205,000. World Investment Advisors purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $212,000. Finally, CacheTech Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $213,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded down $0.01 during midday trading on Thursday, hitting $60.00. The company’s stock had a trading volume of 120,548 shares, compared to its average volume of 916,298. The firm has a 50-day simple moving average of $59.92 and a 200-day simple moving average of $59.90. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.69 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Monday, June 30th were issued a $0.215 dividend. This represents a $2.58 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Monday, June 30th.

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.