Moment Partners LLC Takes $2.87 Million Position in First Trust Enhanced Short Maturity ETF $FTSM

Moment Partners LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,809 shares of the company’s stock, valued at approximately $2,868,000. First Trust Enhanced Short Maturity ETF makes up approximately 0.5% of Moment Partners LLC’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTSM. Wells Fargo & Company MN increased its position in First Trust Enhanced Short Maturity ETF by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after purchasing an additional 876,866 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Enhanced Short Maturity ETF by 1,953.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock worth $226,830,000 after purchasing an additional 3,600,586 shares in the last quarter. Royal Bank of Canada lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1.2% in the 4th quarter. Royal Bank of Canada now owns 2,981,955 shares of the company’s stock worth $178,708,000 after purchasing an additional 34,833 shares during the period. Bank of America Corp DE lifted its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after purchasing an additional 110,033 shares during the period. Finally, Csenge Advisory Group lifted its position in shares of First Trust Enhanced Short Maturity ETF by 0.6% in the 4th quarter. Csenge Advisory Group now owns 1,871,976 shares of the company’s stock worth $112,188,000 after purchasing an additional 10,743 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $59.81 on Monday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.72 and a 1-year high of $60.14. The firm’s 50-day moving average price is $59.84 and its 200-day moving average price is $59.92.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th were issued a $0.203 dividend. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date was Tuesday, June 30th.

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.