Concurrent Investment Advisors LLC Boosts Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Concurrent Investment Advisors LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,267 shares of the company’s stock after purchasing an additional 775 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. AdvisorNet Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $91,000. Centaurus Financial Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 26.4% in the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after purchasing an additional 527 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth $159,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $177,000. Finally, Legacy Capital Wealth Partners LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $200,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of NASDAQ FTSM opened at $59.96 on Monday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.54 and a twelve month high of $60.16. The stock has a 50 day moving average of $59.87 and a two-hundred day moving average of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were issued a dividend of $0.226 per share. This represents a $2.71 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Friday, January 31st.

About First Trust Enhanced Short Maturity ETF

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.