Naviter Wealth LLC Makes New Investment in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Naviter Wealth LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,626 shares of the company’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth $33,000. US Bancorp DE lifted its stake in First Trust Enhanced Short Maturity ETF by 298.0% during the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth $91,000. Centaurus Financial Inc. lifted its stake in First Trust Enhanced Short Maturity ETF by 26.4% during the third quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after purchasing an additional 527 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth $159,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $59.89 on Friday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16. The business has a fifty day moving average price of $59.87 and a two-hundred day moving average price of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 28th were paid a $0.203 dividend. The ex-dividend date was Friday, February 28th.

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.