Beacon Financial Advisory LLC Has $2.14 Million Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Beacon Financial Advisory LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,774 shares of the company’s stock after purchasing an additional 433 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises about 0.7% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 24th largest position. Beacon Financial Advisory LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Abich Financial Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $34,000. Tsfg LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth $36,000. Hilltop National Bank acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at $76,000. PSI Advisors LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,893.9% in the 2nd quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock valued at $78,000 after buying an additional 1,250 shares during the period. Finally, UMB Bank n.a. acquired a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $84,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

FTSM stock opened at $59.83 on Wednesday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.51 and a 1-year high of $60.16. The business’s 50-day moving average price is $59.96 and its two-hundred day moving average price is $59.84.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, November 4th. Investors of record on Thursday, October 31st were given a $0.241 dividend. The ex-dividend date of this dividend was Thursday, October 31st.

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.