TCP Asset Management LLC Buys 22,861 Shares of First Trust Enhanced Short Maturity ETF $FTSM

TCP Asset Management LLC grew its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,442 shares of the company’s stock after buying an additional 22,861 shares during the period. First Trust Enhanced Short Maturity ETF accounts for 3.9% of TCP Asset Management LLC’s holdings, making the stock its 7th biggest position. TCP Asset Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $21,654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FTSM. Royal Bank of Canada grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 12.7% during the first quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock valued at $157,833,000 after buying an additional 298,239 shares during the last quarter. Bank of America Corp DE lifted its position in First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after acquiring an additional 110,033 shares during the period. Csenge Advisory Group grew its stake in First Trust Enhanced Short Maturity ETF by 32.3% during the 2nd quarter. Csenge Advisory Group now owns 1,566,530 shares of the company’s stock valued at $93,678,000 after purchasing an additional 382,650 shares during the last quarter. First Trust Advisors LP grew its stake in First Trust Enhanced Short Maturity ETF by 22.2% during the 2nd quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock valued at $86,386,000 after purchasing an additional 261,933 shares during the last quarter. Finally, Concorde Asset Management LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,243.9% in the first quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock valued at $69,717,000 after purchasing an additional 1,078,906 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $60.01 on Thursday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.69 and a 52-week high of $60.14. The business has a 50-day moving average price of $60.00 and a 200-day moving average price of $59.98.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.