BlueChip Wealth Advisors LLC Invests $2.15 Million in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

BlueChip Wealth Advisors LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 36,022 shares of the company’s stock, valued at approximately $2,149,000. First Trust Enhanced Short Maturity ETF accounts for about 1.5% of BlueChip Wealth Advisors LLC’s holdings, making the stock its 15th biggest position.

Several other large investors also recently modified their holdings of the stock. Willner & Heller LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $765,000. Creekmur Asset Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $8,937,000. Transcendent Capital Group LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $4,666,000. Integrated Advisors Network LLC grew its position in First Trust Enhanced Short Maturity ETF by 233.6% in the 4th quarter. Integrated Advisors Network LLC now owns 62,045 shares of the company’s stock valued at $3,702,000 after purchasing an additional 43,445 shares during the period. Finally, TKG Advisors LLC grew its position in First Trust Enhanced Short Maturity ETF by 166.3% in the 4th quarter. TKG Advisors LLC now owns 77,813 shares of the company’s stock valued at $4,642,000 after purchasing an additional 48,590 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM traded up $0.01 during mid-day trading on Monday, hitting $59.74. The company’s stock had a trading volume of 359,158 shares, compared to its average volume of 858,095. The company’s 50 day simple moving average is $59.70 and its 200 day simple moving average is $59.73. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.40 and a twelve month high of $59.94.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 4th. Investors of record on Friday, May 31st were given a $0.25 dividend. The ex-dividend date was Friday, May 31st. This represents a $3.00 annualized dividend and a yield of 5.02%. This is an increase 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.