First Trust Enhanced Short Maturity ETF $FTSM Stock Position Boosted by TCP Asset Management LLC

TCP Asset Management LLC boosted its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 6.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 361,442 shares of the company’s stock after purchasing an additional 22,861 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up approximately 3.9% of TCP Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. TCP Asset Management LLC owned about 0.35% of First Trust Enhanced Short Maturity ETF worth $21,654,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Royal Bank of Canada grew its position in shares of First Trust Enhanced Short Maturity ETF by 12.7% in the 1st quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock worth $157,833,000 after buying an additional 298,239 shares during the last quarter. Bank of America Corp DE boosted its stake in First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after acquiring an additional 110,033 shares in the last quarter. Csenge Advisory Group boosted its stake in First Trust Enhanced Short Maturity ETF by 32.3% in the second quarter. Csenge Advisory Group now owns 1,566,530 shares of the company’s stock valued at $93,678,000 after acquiring an additional 382,650 shares in the last quarter. First Trust Advisors LP grew its holdings in First Trust Enhanced Short Maturity ETF by 22.2% in the second quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock worth $86,386,000 after purchasing an additional 261,933 shares during the last quarter. Finally, Concorde Asset Management LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 1,243.9% during the first quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock worth $69,717,000 after purchasing an additional 1,078,906 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $60.01 on Thursday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.69 and a 12 month high of $60.14. The stock has a fifty day moving average price of $60.00 and a 200-day moving average price of $59.98.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.