Gradient Investments LLC Raises Stock Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Gradient Investments LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 733,976 shares of the company’s stock after buying an additional 71,051 shares during the quarter. Gradient Investments LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $43,840,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FTSM. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 valued at $226,830,000 after acquiring an additional 3,600,586 shares during the period. BDFS Capital LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $63,291,000. Wells Fargo & Company MN increased its holdings in First Trust Enhanced Short Maturity ETF by 11.3% in 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 last quarter. GDS Wealth Management raised its position in First Trust Enhanced Short Maturity ETF by 105.2% in the fourth quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock valued at $51,485,000 after purchasing an additional 440,329 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $15,607,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ:FTSM opened at $59.79 on Friday. The stock’s fifty day moving average is $59.82 and its two-hundred day moving average is $59.89. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.70 and a 52 week high of $60.14.

First Trust Enhanced Short Maturity ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 4th. Investors of record on Friday, July 31st were issued a $0.206 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, July 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.