Summit Financial Wealth Advisors LLC Buys 131,083 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Summit Financial Wealth Advisors LLC boosted its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 45.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 422,527 shares of the company’s stock after buying an additional 131,083 shares during the period. First Trust Enhanced Short Maturity ETF accounts for approximately 3.1% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 6th largest position. Summit Financial Wealth Advisors LLC owned 0.38% of First Trust Enhanced Short Maturity ETF worth $25,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC grew 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 purchasing an additional 178 shares during the last quarter. Evolution Wealth Management Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 6.4% in the first quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock valued at $206,000 after purchasing an additional 209 shares during the period. Midwest Financial Network LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.0% in the third quarter. Midwest Financial Network LLC now owns 10,879 shares of the company’s stock valued at $647,000 after buying an additional 216 shares during the last quarter. Del Sette Capital Management LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 9.1% in the first quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock valued at $256,000 after buying an additional 357 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 0.7% during the first quarter. Citizens Financial Group Inc. RI now owns 56,439 shares of the company’s stock worth $3,386,000 after buying an additional 371 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded up $0.01 during trading on Thursday, hitting $59.65. The company had a trading volume of 360,658 shares, compared to its average volume of 843,441. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.49 and a 1-year high of $60.91. The firm has a 50-day moving average price of $59.72 and a 200-day moving average price of $59.81.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were paid a $0.2050 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. The ex-dividend date was Wednesday, September 30th. 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.