Independent Advisor Alliance Invests $27.78 Million in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Independent Advisor Alliance acquired a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 464,730 shares of the company’s stock, valued at approximately $27,777,000. Independent Advisor Alliance owned approximately 0.45% of First Trust Enhanced Short Maturity ETF as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FTSM. Mach 1 Financial Group LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $203,000. Transcendent Capital Group LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 14.8% in the third quarter. Transcendent Capital Group LLC now owns 92,299 shares of the company’s stock valued at $5,526,000 after buying an additional 11,879 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $200,000. Tyler Stone Wealth Management boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 64.4% during the third quarter. Tyler Stone Wealth Management now owns 12,013 shares of the company’s stock valued at $719,000 after purchasing an additional 4,707 shares in the last quarter. Finally, Catalytic Wealth RIA LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 15.3% during the third quarter. Catalytic Wealth RIA LLC now owns 36,588 shares of the company’s stock valued at $2,191,000 after purchasing an additional 4,865 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.89 on Monday. The business’s 50-day moving average price is $59.87 and its 200-day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 28th were issued 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.