Global Trust Asset Management LLC Buys New Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Global Trust Asset Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,660 shares of the company’s stock, valued at approximately $159,000.

Several other institutional investors have also added to or reduced their stakes in FTSM. Abich Financial Wealth Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter worth $34,000. Tsfg LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the third quarter worth about $36,000. UMB Bank n.a. bought a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth about $84,000. Trust Co. of Vermont purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $84,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $91,000.

First Trust Enhanced Short Maturity ETF Price Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.91 on Wednesday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16. The firm has a 50 day moving average of $59.87 and a 200 day moving average of $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were given a dividend of $0.233 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date was Friday, December 27th.

First Trust Enhanced Short Maturity ETF 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.