IMG Wealth Management Inc. Purchases 1,176 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

IMG Wealth Management Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,606 shares of the company’s stock after purchasing an additional 1,176 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for approximately 2.8% of IMG Wealth Management Inc.’s holdings, making the stock its 13th biggest position. IMG Wealth Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $3,148,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FTSM. Concurrent Investment Advisors LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 5.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 15,267 shares of the company’s stock valued at $913,000 after buying an additional 775 shares in the last quarter. World Equity Group Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 2.0% during the 4th quarter. World Equity Group Inc. now owns 13,606 shares of the company’s stock valued at $813,000 after buying an additional 271 shares in the last quarter. IFP Advisors Inc lifted its position in shares of First Trust Enhanced Short Maturity ETF by 20.4% during the 4th quarter. IFP Advisors Inc now owns 352,951 shares of the company’s stock valued at $21,096,000 after buying an additional 59,904 shares in the last quarter. Transcendent Capital Group LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 83.1% during the 4th quarter. Transcendent Capital Group LLC now owns 169,007 shares of the company’s stock valued at $10,102,000 after buying an additional 76,708 shares in the last quarter. Finally, Blackhawk Capital Partners LLC. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $1,926,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.1%

FTSM stock opened at $59.99 on Tuesday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.58 and a twelve month high of $60.16. The business’s 50-day moving average price is $59.90 and its 200-day moving average price is $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 30th were given a dividend of $0.2275 per share. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21. This represents a $2.73 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, May 30th.

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.