Wedbush Securities Inc. Increases Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Wedbush Securities Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 10.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,445 shares of the company’s stock after buying an additional 2,418 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,581,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $154,932,000. LPL Financial LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock valued at $529,520,000 after purchasing an additional 490,772 shares in the last quarter. Independent Advisor Alliance purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $27,777,000. TCP Asset Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $18,798,000. Finally, Holistic Planning LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1,689.7% during the 4th quarter. Holistic Planning LLC now owns 261,409 shares of the company’s stock worth $15,624,000 after buying an additional 246,803 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Down 0.0 %

NASDAQ FTSM opened at $59.89 on Friday. The firm’s fifty day moving average price is $59.91 and its 200 day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 31st were issued a dividend of $0.222 per share. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date was Monday, March 31st.

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.