Prostatis Group LLC Makes New Investment in First Trust Enhanced Short Maturity ETF $FTSM

Prostatis Group LLC bought a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 3,722 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds also recently bought and sold shares of the company. Anderson Financial Strategies LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 1st quarter worth about $45,000. Salomon & Ludwin LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 1st quarter worth about $60,000. SVB Wealth LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter valued at about $132,000. Flaharty Asset Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $148,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $200,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $60.01 on Monday. The stock’s 50 day simple moving average is $60.00 and its 200 day simple moving average is $59.94. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.69 and a twelve month high of $60.11.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.