First Trust Enhanced Short Maturity ETF $FTSM Stock: PFS Partners LLC Increases Position

PFS Partners LLC lifted its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 372.0% in the 3rd quarter, Holdings Channel reports. The firm owned 21,259 shares of the company’s stock after purchasing an additional 16,755 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for approximately 0.5% of PFS Partners LLC’s portfolio, making the stock its 26th biggest position. PFS Partners LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FTSM. Capital Analysts LLC grew its position in First Trust Enhanced Short Maturity ETF by 175.3% during the second quarter. Capital Analysts LLC now owns 603 shares of the company’s stock worth $36,000 after buying an additional 384 shares during the period. Anchor Investment Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the first quarter valued at about $42,000. CoreCap Advisors LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock valued at $74,000 after buying an additional 178 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $106,000. Finally, Evolution Wealth Management Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 6.4% during the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock valued at $206,000 after acquiring an additional 209 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM opened at $59.67 on Thursday. The business’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 12 month low of $59.49 and a 12 month high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed 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 yield of 4.1%. The ex-dividend date of this dividend was Wednesday, September 30th.

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.