Maripau Wealth Management LLC Takes Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Maripau Wealth Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,050 shares of the company’s stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GDS Wealth Management lifted its stake in First Trust Enhanced Short Maturity ETF by 204.9% during the third quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock worth $88,131,000 after purchasing an additional 989,192 shares during the last quarter. TCP Asset Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $18,798,000. Holistic Planning LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 1,689.7% during the fourth quarter. Holistic Planning LLC now owns 261,409 shares of the company’s stock worth $15,624,000 after purchasing an additional 246,803 shares during the last quarter. Truist Financial Corp lifted its stake in First Trust Enhanced Short Maturity ETF by 67.9% during the fourth quarter. Truist Financial Corp now owns 517,372 shares of the company’s stock worth $30,923,000 after purchasing an additional 209,257 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in First Trust Enhanced Short Maturity ETF by 1,602.2% during the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after purchasing an additional 206,449 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.84 on Friday. The business has a 50 day moving average price of $59.88 and a 200 day moving average price of $59.91. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 28th will be paid a dividend of $0.203 per share. The ex-dividend date of this dividend is Friday, February 28th.

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.