SageGuard Financial Group LLC Purchases New Position in First Trust Enhanced Short Maturity ETF $FTSM

SageGuard Financial Group LLC acquired a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 83,848 shares of the company’s stock, valued at approximately $5,012,000. SageGuard Financial Group LLC owned 0.08% of First Trust Enhanced Short Maturity ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in First Trust Enhanced Short Maturity ETF by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock worth $518,664,000 after acquiring an additional 876,866 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after purchasing an additional 3,600,586 shares during the period. Royal Bank of Canada raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1.2% during the fourth quarter. Royal Bank of Canada now owns 2,981,955 shares of the company’s stock valued at $178,708,000 after purchasing an additional 34,833 shares during the period. Bank of America Corp DE lifted its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% during the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after purchasing an additional 110,033 shares in the last quarter. Finally, Csenge Advisory Group lifted its position in shares of First Trust Enhanced Short Maturity ETF by 0.6% during the fourth quarter. Csenge Advisory Group now owns 1,871,976 shares of the company’s stock worth $112,188,000 after purchasing an additional 10,743 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM opened at $59.94 on Monday. The company has a fifty day simple moving average of $59.87 and a 200 day simple moving average of $59.93. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.74 and a twelve month high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 29th were given a $0.205 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 29th.

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.