Lion Street Advisors LLC Increases Position in First Trust Enhanced Short Maturity ETF $FTSM

Lion Street Advisors LLC grew its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 10.6% during the second quarter, HoldingsChannel reports. The fund owned 38,663 shares of the company’s stock after acquiring an additional 3,711 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises about 0.7% of Lion Street Advisors LLC’s holdings, making the stock its 25th largest position. Lion Street Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Anderson Financial Strategies LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $45,000. Salomon & Ludwin LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $60,000. SVB Wealth LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $132,000. Flaharty Asset Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $148,000. Finally, Legacy Capital Wealth Partners LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $200,000.

First Trust Enhanced Short Maturity ETF Price Performance

First Trust Enhanced Short Maturity ETF stock opened at $60.01 on Monday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.69 and a 1-year high of $60.11. The business has a fifty day moving average price of $60.00 and a 200-day moving average price of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 30th were given a $0.213 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.