Summit Wealth Partners LLC Increases Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Summit Wealth Partners LLC raised its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,315 shares of the company’s stock after purchasing an additional 13,779 shares during the period. Summit Wealth Partners LLC owned about 0.05% of First Trust Enhanced Short Maturity ETF worth $3,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. acquired a new stake in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $84,000. Brendel Financial Advisors LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 10.3% during the 3rd quarter. Brendel Financial Advisors LLC now owns 5,710 shares of the company’s stock worth $342,000 after acquiring an additional 531 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after acquiring an additional 206,449 shares in the last quarter. Towerpoint Wealth LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 0.4% during the 3rd quarter. Towerpoint Wealth LLC now owns 75,492 shares of the company’s stock worth $4,520,000 after acquiring an additional 329 shares in the last quarter. Finally, Lion Street Advisors LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 28.9% during the 3rd quarter. Lion Street Advisors LLC now owns 30,263 shares of the company’s stock worth $1,812,000 after acquiring an additional 6,787 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ FTSM opened at $59.82 on Thursday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16. The stock’s 50-day simple moving average is $59.87 and its 200-day simple moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Friday, January 31st were given a dividend of $0.226 per share. This represents a $2.71 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Friday, January 31st.

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.