First Trust Enhanced Short Maturity ETF $FTSM Stock: Tucker Asset Management LLC Grows Stake

Tucker Asset Management LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614,144 shares of the company’s stock after acquiring an additional 23,137 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises approximately 9.0% of Tucker Asset Management LLC’s holdings, making the stock its 3rd largest position. Tucker Asset Management LLC owned about 0.54% of First Trust Enhanced Short Maturity ETF worth $36,548,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Analysts LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 175.3% in the 2nd quarter. Capital Analysts LLC now owns 603 shares of the company’s stock valued at $36,000 after acquiring an additional 384 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter worth approximately $42,000. CoreCap Advisors LLC boosted its position in First Trust Enhanced Short Maturity ETF by 16.9% during the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares during the period. NBT Bank N.A. bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $75,000. Finally, Mather Group LLC. bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $106,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock opened at $59.60 on Tuesday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.49 and a 12 month high of $60.91. The business’s 50 day moving average is $59.69 and its two-hundred day moving average is $59.84.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Friday, October 30th will be paid a $0.2140 dividend. The ex-dividend date is Friday, October 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050. This represents a $2.57 dividend on an annualized basis and a dividend 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.