Inspirion Wealth Advisors LLC Buys 14,291 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Inspirion Wealth Advisors LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 359.6% during the third quarter, HoldingsChannel reports. The fund owned 18,265 shares of the company’s stock after buying an additional 14,291 shares during the period. Inspirion Wealth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,094,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its holdings in First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after purchasing an additional 423 shares in the last quarter. Anderson Financial Strategies LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth about $45,000. SVB Wealth LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth about $132,000. Flaharty Asset Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $148,000. Finally, EverSource Wealth Advisors LLC raised its position in First Trust Enhanced Short Maturity ETF by 148,300.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after buying an additional 2,966 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $60.00 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.69 and a 52 week high of $60.14. The stock’s 50 day moving average price is $60.00 and its two-hundred day moving average price is $59.98.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 28th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a yield of 4.0%.

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.