First Trust Enhanced Short Maturity ETF $FTSM Shares Newly Acquired by Sterling Manor Financial LLC

Sterling Manor Financial LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 95,845 shares of the company’s stock, valued at approximately $5,704,000. First Trust Enhanced Short Maturity ETF accounts for about 3.3% of Sterling Manor Financial LLC’s holdings, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FTSM. Envestnet Asset Management Inc. increased its position in First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock valued at $51,670,000 after acquiring an additional 37,830 shares during the period. Gradient Investments LLC lifted its position in First Trust Enhanced Short Maturity ETF by 10.7% during the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after acquiring an additional 71,051 shares during the period. Kirkwood Financial Services acquired a new stake in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $26,070,000. Summit Financial Wealth Advisors LLC lifted its position in First Trust Enhanced Short Maturity ETF by 45.0% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock worth $25,145,000 after acquiring an additional 131,083 shares during the period. Finally, Uptick Partners LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 23.4% in the 1st quarter. Uptick Partners LLC now owns 386,047 shares of the company’s stock valued at $23,078,000 after purchasing an additional 73,323 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock traded up $0.03 during midday trading on Wednesday, hitting $59.67. The company had a trading volume of 222,997 shares, compared to its average volume of 838,463. The company’s 50 day simple moving average is $59.71 and its 200 day simple moving average is $59.80. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.49 and a 52-week high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were issued a dividend of $0.2050 per share. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, September 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.