Modern Wealth Management LLC Makes New Investment in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Modern Wealth Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,932 shares of the company’s stock, valued at approximately $235,000.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $154,932,000. LPL Financial LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock worth $529,520,000 after acquiring an additional 490,772 shares during the period. Independent Advisor Alliance acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $27,777,000. TCP Asset Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $18,798,000. Finally, Holistic Planning LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 1,689.7% during the 4th 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.

First Trust Enhanced Short Maturity ETF Stock Up 0.1 %

Shares of NASDAQ FTSM opened at $60.03 on Friday. The stock’s fifty day moving average price is $59.91 and its two-hundred day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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