Transcendent Capital Group LLC Makes New $4.67 Million Investment in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Transcendent Capital Group LLC bought a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 78,202 shares of the company’s stock, valued at approximately $4,666,000. First Trust Enhanced Short Maturity ETF accounts for approximately 3.1% of Transcendent Capital Group LLC’s holdings, making the stock its 5th biggest position. Transcendent Capital Group LLC owned approximately 0.07% of First Trust Enhanced Short Maturity ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTSM. Cambridge Advisors Inc. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.1% during the fourth quarter. Cambridge Advisors Inc. now owns 16,513 shares of the company’s stock worth $985,000 after purchasing an additional 175 shares during the period. Naples Global Advisors LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.6% during the fourth quarter. Naples Global Advisors LLC now owns 15,612 shares of the company’s stock worth $931,000 after purchasing an additional 250 shares during the period. Strait & Sound Wealth Management LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.3% during the third quarter. Strait & Sound Wealth Management LLC now owns 16,643 shares of the company’s stock worth $989,000 after purchasing an additional 375 shares during the period. Sachetta LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $30,000. Finally, Insight Advisors LLC PA boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.5% during the fourth quarter. Insight Advisors LLC PA now owns 96,801 shares of the company’s stock worth $5,775,000 after purchasing an additional 505 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM remained flat at $59.73 during midday trading on Friday. 678,795 shares of the company traded hands, compared to its average volume of 862,435. The company’s 50 day moving average price is $59.70 and its two-hundred day moving average price is $59.73. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.40 and a 52-week high of $59.94.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 4th. Investors of record on Friday, May 31st were given a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a yield of 5.02%. The ex-dividend date was Friday, May 31st. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.25.

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.