Stablepoint Partners LLC Boosts Position in First Trust Enhanced Short Maturity ETF $FTSM

Stablepoint Partners LLC grew its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 53.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,218 shares of the company’s stock after acquiring an additional 76,286 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises about 2.0% of Stablepoint Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Stablepoint Partners LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $13,078,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kaydan Wealth Management Inc. lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 651.8% in the 4th quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock worth $24,900,000 after acquiring an additional 360,223 shares during the period. Summit Financial Wealth Advisors LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $20,026,000. Csenge Advisory Group increased its stake in shares of First Trust Enhanced Short Maturity ETF by 18.8% during the third quarter. Csenge Advisory Group now owns 1,861,233 shares of the company’s stock valued at $111,506,000 after acquiring an additional 294,703 shares during the period. First Trust Advisors LP raised its holdings in First Trust Enhanced Short Maturity ETF by 22.2% during the second quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock worth $86,386,000 after purchasing an additional 261,933 shares in the last quarter. Finally, Titleist Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $12,745,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM opened at $59.87 on Friday. The business has a 50 day moving average price of $59.98 and a two-hundred day moving average price of $60.00. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.73 and a 1-year 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, March 3rd. Stockholders of record on Friday, February 27th were issued a $0.191 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.