Gradient Investments LLC Purchases 22,373 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Gradient Investments LLC raised its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 628,139 shares of the company’s stock after purchasing an additional 22,373 shares during the period. Gradient Investments LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $37,644,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FTSM. Newbridge Financial Services Group Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after purchasing an additional 423 shares during the period. CX Institutional bought a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $35,000. SouthState Bank Corp bought a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $48,000. Kelleher Financial Advisors purchased a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $55,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $67,000.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ:FTSM opened at $59.88 on Monday. The business’s 50-day simple moving average is $59.99 and its two-hundred day simple moving average 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 Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were paid a dividend of $0.191 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th.

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.