First Trust Enhanced Short Maturity ETF $FTSM Shares Acquired by IMG Wealth Management Inc.

IMG Wealth Management Inc. raised its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 216.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,242 shares of the company’s stock after acquiring an additional 43,229 shares during the period. First Trust Enhanced Short Maturity ETF comprises approximately 2.1% of IMG Wealth Management Inc.’s holdings, making the stock its 12th largest holding. IMG Wealth Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $3,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kirkwood Financial Services acquired a new position in First Trust Enhanced Short Maturity ETF during the second quarter worth $26,070,000. Second Line Capital LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,588.1% in the 2nd quarter. Second Line Capital LLC now owns 351,126 shares of the company’s stock worth $21,044,000 after purchasing an additional 330,326 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth about $14,908,000. Gateway Wealth Partners LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 134.7% during the 1st quarter. Gateway Wealth Partners LLC now owns 360,020 shares of the company’s stock worth $21,522,000 after purchasing an additional 206,616 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter worth about $8,787,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

NASDAQ FTSM opened at $59.74 on Wednesday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.49 and a 1-year high of $60.91. The company has a 50 day moving average of $59.71 and a 200-day moving average of $59.85.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were paid a $0.2050 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.46 annualized dividend and a dividend yield of 4.1%.

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.