Gladstone Institutional Advisory LLC Increases Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gladstone Institutional Advisory LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,029 shares of the company’s stock after purchasing an additional 37,161 shares during the quarter. Gladstone Institutional Advisory LLC owned approximately 0.19% of First Trust Enhanced Short Maturity ETF worth $11,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GDS Wealth Management grew its holdings in First Trust Enhanced Short Maturity ETF by 204.9% in the 3rd quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock worth $88,131,000 after acquiring an additional 989,192 shares during the last quarter. Stifel Financial Corp raised its position in First Trust Enhanced Short Maturity ETF by 11.3% during the 3rd quarter. Stifel Financial Corp now owns 837,811 shares of the company’s stock valued at $50,159,000 after purchasing an additional 84,918 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 56.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock worth $30,258,000 after buying an additional 182,844 shares during the period. Janney Montgomery Scott LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 8.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 442,971 shares of the company’s stock worth $26,476,000 after buying an additional 33,344 shares during the last quarter. Finally, TCP Asset Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $18,798,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.83 on Wednesday. The company’s fifty day simple moving average is $59.86 and its two-hundred day simple moving average 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 Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were paid a $0.226 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Friday, January 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.