Cornerstone Wealth Management LLC Has $3.75 Million Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Cornerstone Wealth Management LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 32.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,793 shares of the company’s stock after buying an additional 15,236 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $3,753,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cambridge Advisors Inc. raised its holdings in First Trust Enhanced Short Maturity ETF by 1.0% during the third quarter. Cambridge Advisors Inc. now owns 17,034 shares of the company’s stock worth $1,020,000 after buying an additional 173 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in First Trust Enhanced Short Maturity ETF by 3.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 7,928 shares of the company’s stock worth $475,000 after buying an additional 293 shares during the last quarter. Towerpoint Wealth LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 0.4% during the third quarter. Towerpoint Wealth LLC now owns 75,492 shares of the company’s stock worth $4,520,000 after buying an additional 329 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in First Trust Enhanced Short Maturity ETF by 8.6% during the third quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock worth $255,000 after buying an additional 339 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 1.8% during the third quarter. SeaCrest Wealth Management LLC now owns 19,593 shares of the company’s stock worth $1,173,000 after buying an additional 354 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM opened at $59.92 on Friday. The company’s fifty day moving average price is $59.87 and its two-hundred day moving average price is $59.90. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.54 and a 1-year high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were paid a $0.233 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Friday, December 27th.

About First Trust Enhanced Short Maturity ETF

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.