City Center Advisors LLC Acquires 1,084 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

City Center Advisors LLC lifted its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 30.9% during the first quarter, HoldingsChannel reports. The firm owned 4,594 shares of the company’s stock after purchasing an additional 1,084 shares during the period. City Center Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $276,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $154,932,000. LPL Financial LLC grew its position in First Trust Enhanced Short Maturity ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock worth $529,520,000 after buying an additional 490,772 shares in the last quarter. Independent Advisor Alliance acquired a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $27,777,000. Truist Financial Corp grew its position in First Trust Enhanced Short Maturity ETF by 67.9% during the fourth quarter. Truist Financial Corp now owns 517,372 shares of the company’s stock worth $30,923,000 after buying an additional 209,257 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the first quarter worth about $11,054,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.83 on Friday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.58 and a twelve month high of $60.16. The business’s 50-day simple moving average is $59.89 and its 200 day simple moving average is $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 30th were given a dividend of $0.2275 per share. The ex-dividend date was Friday, May 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21. This represents a $2.73 dividend on an annualized basis and a yield of 4.56%.

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.