Kovack Advisors Inc. Boosts Position in First Trust Enhanced Short Maturity ETF $FTSM

Kovack Advisors Inc. boosted its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMFree Report) by 265.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,204 shares of the company’s stock after purchasing an additional 49,541 shares during the quarter. Kovack Advisors Inc. owned approximately 0.07% of First Trust Enhanced Short Maturity ETF worth $4,087,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its position in First Trust Enhanced Short Maturity ETF by 1,566.7% during the second 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. Blue Trust Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $46,000. Kelleher Financial Advisors acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $55,000. CIBC Private Wealth Group LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $67,000. Finally, Dunhill Financial LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 3,048.5% during the 3rd quarter. Dunhill Financial LLC now owns 2,141 shares of the company’s stock worth $128,000 after purchasing an additional 2,073 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.85 on Friday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.74 and a 1 year high of $60.14. The business has a 50 day moving average price of $59.87 and a 200 day moving average price of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 29th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 4.1%.

About First Trust Enhanced Short Maturity ETF

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

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