Cornerstone Wealth Management LLC Purchases 15,236 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Cornerstone Wealth Management LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,793 shares of the company’s stock after acquiring an additional 15,236 shares during the period. Cornerstone Wealth Management LLC owned approximately 0.06% of First Trust Enhanced Short Maturity ETF worth $3,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.6% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 35,871 shares of the company’s stock worth $2,144,000 after acquiring an additional 905 shares during the period. Secure Asset Management LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 4.9% in the 4th quarter. Secure Asset Management LLC now owns 68,814 shares of the company’s stock valued at $4,113,000 after purchasing an additional 3,219 shares during the last quarter. Mutual Advisors LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 80.6% in the 4th quarter. Mutual Advisors LLC now owns 112,916 shares of the company’s stock valued at $6,763,000 after purchasing an additional 50,397 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in 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 valued at $26,476,000 after purchasing an additional 33,344 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $159,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM opened at $59.92 on Friday. The firm has a 50 day simple moving average of $59.87 and a 200 day simple moving average of $59.90. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

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.