Flaharty Asset Management LLC Invests $148,000 in First Trust Enhanced Short Maturity ETF $FTSM

Flaharty Asset Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,465 shares of the company’s stock, valued at approximately $148,000.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the first quarter worth about $374,000. Wealth Enhancement Advisory Services LLC raised its stake in First Trust Enhanced Short Maturity ETF by 12.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 436,040 shares of the company’s stock worth $26,093,000 after buying an additional 46,969 shares in the last quarter. Baird Financial Group Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 2.4% in the first quarter. Baird Financial Group Inc. now owns 281,261 shares of the company’s stock worth $16,831,000 after buying an additional 6,484 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 61.9% in the first quarter. J.W. Cole Advisors Inc. now owns 49,400 shares of the company’s stock worth $2,956,000 after buying an additional 18,889 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in First Trust Enhanced Short Maturity ETF by 22.4% in the first quarter. RFG Advisory LLC now owns 53,855 shares of the company’s stock worth $3,223,000 after buying an additional 9,869 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $60.01 on Wednesday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.69 and a 1 year high of $60.16. The firm has a 50-day moving average of $59.96 and a 200 day moving average of $59.93.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 29th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a yield of 4.4%.

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.