Synovus Financial Corp Increases Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Synovus Financial Corp boosted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 16.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 90,501 shares of the company’s stock after purchasing an additional 12,547 shares during the quarter. Synovus Financial Corp’s holdings in First Trust Enhanced Short Maturity ETF were worth $5,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FTSM. Newbridge Financial Services Group Inc. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 423 shares during the period. CX Institutional acquired a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth about $35,000. SouthState Bank Corp purchased a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth about $48,000. Root Financial Partners LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $113,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 148,300.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after buying an additional 2,966 shares during the period.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

FTSM opened at $60.06 on Friday. First Trust Enhanced Short Maturity ETF has a one year low of $59.73 and a one year high of $60.14. The business’s 50 day moving average price is $60.01 and its 200 day moving average price is $60.00.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were issued a dividend of $0.205 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20.

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.