Truist Financial Corp Raises Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Truist Financial Corp raised its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 67.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 517,372 shares of the company’s stock after acquiring an additional 209,257 shares during the period. Truist Financial Corp’s holdings in First Trust Enhanced Short Maturity ETF were worth $30,923,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FTSM. AdvisorNet Financial Inc acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth $91,000. Centaurus Financial Inc. lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 26.4% in the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after acquiring an additional 527 shares during the period. Global Trust Asset Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth $159,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $177,000. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $200,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.90 on Wednesday. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16. The company has a fifty day moving average of $59.86 and a 200-day moving average of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were paid a $0.226 dividend. This represents a $2.71 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, January 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.