First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) is Shelton Wealth Management LLC’s Largest Position

Shelton Wealth Management LLC decreased its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,140 shares of the company’s stock after selling 6,100 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for about 7.1% of Shelton Wealth Management LLC’s holdings, making the stock its biggest holding. Shelton Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $13,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Marshall Investment Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $33,000. US Bancorp DE lifted its stake in First Trust Enhanced Short Maturity ETF by 298.0% in the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after acquiring an additional 873 shares during the last quarter. Armis Advisers LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $205,000. World Investment Advisors purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $212,000. Finally, CacheTech Inc. purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $213,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1%

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.94 on Friday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.58 and a 52-week high of $60.16. The company has a 50 day moving average of $59.90 and a 200 day moving average of $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 30th were paid a $0.2275 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.73 dividend on an annualized basis and a yield of 4.55%. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21.

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.