First Trust Enhanced Short Maturity ETF $FTSM Stock: MGO One Seven LLC Boosts Position

MGO One Seven LLC raised its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 27.6% during the 3rd quarter, Holdings Channel reports. The firm owned 78,738 shares of the company’s stock after acquiring an additional 17,032 shares during the quarter. MGO One Seven LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $4,686,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock valued at $51,670,000 after buying an additional 37,830 shares in the last quarter. Gradient Investments LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 10.7% during the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after buying an additional 71,051 shares during the last quarter. Kirkwood Financial Services acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $26,070,000. Summit Financial Wealth Advisors LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 45.0% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock worth $25,145,000 after buying an additional 131,083 shares in the last quarter. Finally, Mainsail Financial Group LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 2.7% in the 3rd quarter. Mainsail Financial Group LLC now owns 390,974 shares of the company’s stock worth $23,267,000 after buying an additional 10,394 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

First Trust Enhanced Short Maturity ETF stock opened at $59.60 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.49 and a 52 week high of $60.91. The firm’s 50-day simple moving average is $59.69 and its 200 day simple moving average is $59.84.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Friday, October 30th will be given a dividend of $0.2140 per share. The ex-dividend date is Friday, October 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050. This represents a $2.57 dividend on an annualized basis and a yield of 4.3%.

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.