Tcfg Wealth Management LLC Increases Position in First Trust Enhanced Short Maturity ETF $FTSM

Tcfg Wealth Management LLC increased its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,109 shares of the company’s stock after acquiring an additional 446 shares during the period. Tcfg Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTSM. McGuire Investment Group LLC increased its position in First Trust Enhanced Short Maturity ETF by 16.1% during the 2nd quarter. McGuire Investment Group LLC now owns 122,622 shares of the company’s stock worth $7,341,000 after purchasing an additional 16,968 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $374,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 12.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 436,040 shares of the company’s stock valued at $26,093,000 after buying an additional 46,969 shares during the period. Baird Financial Group Inc. boosted its position in First Trust Enhanced Short Maturity ETF by 2.4% during the first quarter. Baird Financial Group Inc. now owns 281,261 shares of the company’s stock worth $16,831,000 after acquiring an additional 6,484 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in First Trust Enhanced Short Maturity ETF by 6.9% in the 2nd quarter. Silver Oak Securities Incorporated now owns 25,860 shares of the company’s stock worth $1,548,000 after acquiring an additional 1,679 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Down 0.0%

Shares of NASDAQ:FTSM opened at $59.96 on Tuesday. The business has a fifty day simple moving average of $60.00 and a 200-day simple moving average of $59.94. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.69 and a 52 week high of $60.11.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 30th were given a dividend of $0.213 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a c) annualized dividend and a yield of 4.3%.

About First Trust Enhanced Short Maturity ETF

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.