RiverTree Advisors LLC Purchases 4,384 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

RiverTree Advisors LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295,568 shares of the company’s stock after buying an additional 4,384 shares during the period. First Trust Enhanced Short Maturity ETF makes up 11.8% of RiverTree Advisors LLC’s portfolio, making the stock its biggest position. RiverTree Advisors LLC owned about 0.27% of First Trust Enhanced Short Maturity ETF worth $17,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Mach 1 Financial Group LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $265,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $1,301,000. Cedrus LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 16.5% in the fourth quarter. Cedrus LLC now owns 14,220 shares of the company’s stock worth $848,000 after purchasing an additional 2,010 shares in the last quarter. ORBA Wealth Advisors L.L.C. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $12,675,000. Finally, Herold Advisors Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $770,000.

First Trust Enhanced Short Maturity ETF Trading Down 0.4 %

Shares of NASDAQ:FTSM traded down $0.21 during trading on Friday, reaching $59.60. The stock had a trading volume of 162,761 shares, compared to its average volume of 832,485. The stock has a fifty day simple moving average of $59.72 and a two-hundred day simple moving average of $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 company also recently announced a monthly dividend, which was paid on Tuesday, June 4th. Investors of record on Friday, May 31st were given a $0.25 dividend. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.25. This represents a $3.00 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Friday, May 31st.

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.