HighTower Advisors LLC Boosts Stock Holdings in First Trust Enhanced Short Maturity ETF $FTSM

HighTower Advisors LLC increased its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 8.6% in the third quarter, Holdings Channel.com reports. The fund owned 290,880 shares of the company’s stock after purchasing an additional 23,132 shares during the period. HighTower Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $17,427,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd 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. Csenge Advisory Group increased its holdings in First Trust Enhanced Short Maturity ETF by 18.8% in the 3rd quarter. Csenge Advisory Group now owns 1,861,233 shares of the company’s stock worth $111,506,000 after buying an additional 294,703 shares in the last quarter. First Trust Advisors LP raised its position in First Trust Enhanced Short Maturity ETF by 22.2% in the 2nd quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock worth $86,386,000 after buying an additional 261,933 shares during the last quarter. Paragon Advisors LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at about $63,815,000. Finally, Gradient Investments LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 43.1% during the 3rd quarter. Gradient Investments LLC now owns 605,766 shares of the company’s stock valued at $36,291,000 after acquiring an additional 182,583 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of NASDAQ FTSM opened at $60.04 on Friday. The firm’s 50-day moving average price is $60.01 and its 200-day moving average price is $60.00. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.73 and a 52-week high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Friday, January 30th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20.

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.