Paragon Private Wealth Management LLC Invests $1.07 Million in First Trust Enhanced Short Maturity ETF $FTSM

Paragon Private Wealth Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 17,991 shares of the company’s stock, valued at approximately $1,075,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in First Trust Enhanced Short Maturity ETF by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock worth $518,664,000 after acquiring an additional 876,866 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in First Trust Enhanced Short Maturity ETF by 1,953.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after purchasing an additional 3,600,586 shares during the period. Royal Bank of Canada lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 1.2% in the 4th quarter. Royal Bank of Canada now owns 2,981,955 shares of the company’s stock valued at $178,708,000 after purchasing an additional 34,833 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after purchasing an additional 110,033 shares during the last quarter. Finally, Csenge Advisory Group grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.6% during the 4th quarter. Csenge Advisory Group now owns 1,871,976 shares of the company’s stock worth $112,188,000 after purchasing an additional 10,743 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM opened at $59.68 on Thursday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.67 and a 12-month high of $60.91. The business has a 50-day moving average price of $59.82 and a 200 day moving average price of $59.87.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 31st were paid a $0.204 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 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.