Mutual Advisors LLC Has $3.75 Million Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Mutual Advisors LLC grew its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 73.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,519 shares of the company’s stock after buying an additional 26,517 shares during the quarter. Mutual Advisors LLC owned 0.06% of First Trust Enhanced Short Maturity ETF worth $3,751,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Valmark Advisers Inc. lifted its stake in First Trust Enhanced Short Maturity ETF by 38.9% during the third quarter. Valmark Advisers Inc. now owns 20,799 shares of the company’s stock worth $1,245,000 after purchasing an additional 5,824 shares during the period. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $177,000. Sterling Manor Financial LLC grew its position in First Trust Enhanced Short Maturity ETF by 1.9% in the third quarter. Sterling Manor Financial LLC now owns 156,466 shares of the company’s stock valued at $9,368,000 after acquiring an additional 2,978 shares during the period. J.W. Cole Advisors Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 2.8% during the third quarter. J.W. Cole Advisors Inc. now owns 26,514 shares of the company’s stock worth $1,587,000 after acquiring an additional 725 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. bought a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at $330,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM opened at $60.03 on Thursday. The firm’s 50-day simple moving average is $59.98 and its 200-day simple moving average is $59.83. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.43 and a twelve month high of $60.16.

First Trust Enhanced Short Maturity ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 30th were paid a dividend of $0.247 per share. The ex-dividend date was Friday, August 30th. This represents a $2.96 annualized dividend and a yield of 4.94%.

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.