RiverTree Advisors LLC Has $8.64 Million Stock Holdings in First Trust Enhanced Short Maturity ETF $FTSM

RiverTree Advisors LLC raised its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 17.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 144,125 shares of the company’s stock after acquiring an additional 21,187 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up approximately 5.5% of RiverTree Advisors LLC’s portfolio, making the stock its 2nd biggest position. RiverTree Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $8,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted 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 valued at $27,000 after purchasing an additional 423 shares during the last quarter. CX Institutional purchased a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $35,000. SouthState Bank Corp acquired a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $48,000. Kelleher Financial Advisors purchased a new stake in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $55,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the third quarter worth about $67,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM opened at $59.90 on Monday. The firm’s 50-day moving average price is $59.98 and its 200-day moving average price is $60.00. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.73 and a 52-week high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were paid a $0.191 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

First Trust Enhanced Short Maturity ETF Company 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.