First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Position Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,801 shares of the company’s stock after purchasing an additional 34,830 shares during the period. Janney Montgomery Scott LLC owned 0.43% of First Trust Enhanced Short Maturity ETF worth $28,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTSM. Principal Securities Inc. increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 15.1% in the fourth quarter. Principal Securities Inc. now owns 41,297 shares of the company’s stock valued at $2,468,000 after buying an additional 5,424 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 15.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 30,511 shares of the company’s stock valued at $1,824,000 after buying an additional 3,997 shares in the last quarter. Truist Financial Corp increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 67.9% in the fourth quarter. Truist Financial Corp now owns 517,372 shares of the company’s stock valued at $30,923,000 after buying an additional 209,257 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 24.7% in the fourth quarter. D.A. Davidson & CO. now owns 126,363 shares of the company’s stock valued at $7,553,000 after buying an additional 25,042 shares in the last quarter. Finally, Proactive Wealth Strategies LLC grew its position in First Trust Enhanced Short Maturity ETF by 4.3% during the 4th quarter. Proactive Wealth Strategies LLC now owns 57,102 shares of the company’s stock worth $3,413,000 after purchasing an additional 2,344 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Down 0.0%

NASDAQ FTSM opened at $59.91 on Wednesday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.58 and a twelve month high of $60.16. The firm’s 50 day moving average price is $59.90 and its two-hundred day moving average price is $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

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.