Gradient Investments LLC Boosts Position in First Trust Enhanced Short Maturity ETF $FTSM

Gradient Investments LLC increased its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 733,976 shares of the company’s stock after acquiring an additional 71,051 shares during the quarter. Gradient Investments LLC owned approximately 0.68% of First Trust Enhanced Short Maturity ETF worth $43,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FTSM. Newbridge Financial Services Group Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 1,566.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after purchasing an additional 423 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $42,000. Blair William & Co. IL grew its stake in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after buying an additional 482 shares during the period. Blue Trust Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $46,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $55,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $59.79 on Friday. The company has a 50 day simple moving average of $59.82 and a 200-day simple moving average of $59.89. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.70 and a 1 year high of $60.14.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 31st were paid a dividend of $0.206 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 4.1%.

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.