Paladin Wealth LLC Takes $1.66 Million Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Paladin Wealth LLC bought a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the third quarter, HoldingsChannel.com reports. The firm bought 27,665 shares of the company’s stock, valued at approximately $1,656,000. First Trust Enhanced Short Maturity ETF accounts for 1.4% of Paladin Wealth LLC’s portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 8,568,887 shares of the company’s stock worth $510,706,000 after buying an additional 530,475 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Enhanced Short Maturity ETF by 453.9% during the 1st quarter. Cetera Investment Advisers now owns 1,612,862 shares of the company’s stock worth $96,159,000 after buying an additional 1,321,695 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 4.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,388,183 shares of the company’s stock worth $82,736,000 after buying an additional 56,415 shares during the last quarter. Raymond James & Associates lifted its holdings in First Trust Enhanced Short Maturity ETF by 20.1% during the 2nd quarter. Raymond James & Associates now owns 1,147,010 shares of the company’s stock worth $68,362,000 after buying an additional 192,229 shares during the last quarter. Finally, Csenge Advisory Group lifted its holdings in First Trust Enhanced Short Maturity ETF by 5.2% during the 2nd quarter. Csenge Advisory Group now owns 1,107,874 shares of the company’s stock worth $66,029,000 after buying an additional 54,665 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ FTSM opened at $59.95 on Monday. The business has a 50-day moving average of $59.95 and a two-hundred day moving average of $59.80. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.43 and a 1 year high of $60.16.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 30th were given a dividend of $0.247 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date was Friday, August 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.