Merit Financial Group LLC Buys New Position in First Trust Enhanced Short Maturity ETF $FTSM

Merit Financial Group LLC bought a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 45,668 shares of the company’s stock, valued at approximately $2,737,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTSM. Newbridge Financial Services Group Inc. raised its position in First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after buying an additional 423 shares during the last quarter. CX Institutional bought a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $35,000. Blue Trust Inc. bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $46,000. SouthState Bank Corp bought a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $48,000. Finally, Kelleher Financial Advisors bought a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $55,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.94 on Tuesday. The business has a 50 day moving average price of $59.92 and a two-hundred day moving average price of $59.98. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.74 and a twelve month high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 31st were paid a $0.208 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.19. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, March 31st.

First Trust Enhanced Short Maturity ETF 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.