Maridea Wealth Management LLC Invests $1.74 Million in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Maridea Wealth Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 29,121 shares of the company’s stock, valued at approximately $1,741,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 5.9% in the 4th quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock valued at $529,520,000 after buying an additional 490,772 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $154,932,000. Stifel Financial Corp raised its position in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the third quarter. Stifel Financial Corp now owns 837,811 shares of the company’s stock worth $50,159,000 after purchasing an additional 84,918 shares during the period. Commonwealth Equity Services LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 19.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 727,414 shares of the company’s stock valued at $43,478,000 after buying an additional 119,757 shares in the last quarter. Finally, Truist Financial Corp lifted its position in First Trust Enhanced Short Maturity ETF by 67.9% in the 4th quarter. Truist Financial Corp now owns 517,372 shares of the company’s stock valued at $30,923,000 after acquiring an additional 209,257 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.1 %

FTSM stock opened at $60.03 on Friday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16. The business has a 50-day moving average of $59.91 and a 200-day moving average of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.