First Trust Enhanced Short Maturity ETF $FTSM Stock Purchased by Gerald Baker Financial Group LLC

Gerald Baker Financial Group LLC grew its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 53.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,614 shares of the company’s stock after purchasing an additional 33,851 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises about 1.6% of Gerald Baker Financial Group LLC’s holdings, making the stock its 19th biggest holding. Gerald Baker Financial Group LLC owned about 0.09% of First Trust Enhanced Short Maturity ETF worth $5,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTSM. First Heartland Consultants Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $589,000. Farther Finance Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 24.8% during the third quarter. Farther Finance Advisors LLC now owns 73,868 shares of the company’s stock valued at $4,396,000 after acquiring an additional 14,659 shares during the period. Titleist Asset Management LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 0.5% in the 3rd quarter. Titleist Asset Management LLC now owns 238,310 shares of the company’s stock worth $14,182,000 after purchasing an additional 1,087 shares during the period. Venture Visionary Partners LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $242,000. Finally, Envestnet Asset Management Inc. grew its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock valued at $51,670,000 after purchasing an additional 37,830 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock traded up $0.01 during trading hours on Friday, reaching $59.62. The company’s stock had a trading volume of 245,809 shares, compared to its average volume of 845,785. First Trust Enhanced Short Maturity ETF has a one year low of $59.49 and a one year high of $60.91. The firm has a 50 day moving average price of $59.73 and a 200-day moving average price of $59.81.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were issued a $0.2050 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040.

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.