First Trust Enhanced Short Maturity ETF $FTSM Stock: Mainsail Financial Group LLC Boosts Stake

Mainsail Financial Group LLC grew its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 390,974 shares of the company’s stock after purchasing an additional 10,394 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up 7.9% of Mainsail Financial Group LLC’s holdings, making the stock its 2nd biggest holding. Mainsail Financial Group LLC owned approximately 0.35% of First Trust Enhanced Short Maturity ETF worth $23,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Analysts LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 175.3% in the second quarter. Capital Analysts LLC now owns 603 shares of the company’s stock valued at $36,000 after buying an additional 384 shares during the period. Anchor Investment Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $42,000. CoreCap Advisors LLC boosted its position in First Trust Enhanced Short Maturity ETF by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after buying an additional 178 shares during the period. NBT Bank N.A. acquired a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $75,000. Finally, Mather Group LLC. acquired a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $106,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM opened at $59.72 on Monday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.49 and a fifty-two week high of $60.91. The company’s 50 day moving average price is $59.71 and its two-hundred day moving average price is $59.80.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

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.