Fifth Third Bancorp Makes New Investment in First Trust Enhanced Short Maturity ETF $FTSM

Fifth Third Bancorp bought a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 146,994 shares of the company’s stock, valued at approximately $8,787,000.

Several other large investors have also recently bought and sold shares of the company. PMV Capital Advisers LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 4.2% in the fourth quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock worth $297,000 after acquiring an additional 200 shares during the period. Evolution Wealth Management Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 6.4% during the first quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after buying an additional 209 shares during the last quarter. Proactive Wealth Strategies LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 0.5% in the fourth quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock valued at $4,014,000 after buying an additional 318 shares during the period. Principal Securities Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 1.1% in the fourth quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock valued at $1,885,000 after buying an additional 346 shares during the period. Finally, Elevation Point Wealth Partners LLC boosted its position in First Trust Enhanced Short Maturity ETF by 4.7% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 9,052 shares of the company’s stock valued at $542,000 after acquiring an additional 405 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM opened at $59.82 on Thursday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.72 and a 1 year high of $60.14. The business’s 50-day moving average is $59.84 and its 200-day moving average is $59.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were issued a $0.203 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous 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.