GGM Financials LLC Buys Shares of 143,053 First Trust Enhanced Short Maturity ETF $FTSM

GGM Financials LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the second quarter, Holdings Channel reports. The fund bought 143,053 shares of the company’s stock, valued at approximately $8,565,000. First Trust Enhanced Short Maturity ETF accounts for approximately 1.7% of GGM Financials LLC’s investment portfolio, making the stock its 15th largest holding.

Other institutional investors have also recently made changes to their positions in the company. McGuire Investment Group LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 16.1% in the second quarter. McGuire Investment Group LLC now owns 122,622 shares of the company’s stock worth $7,341,000 after purchasing an additional 16,968 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter valued at $374,000. Mutual Advisors LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 51.4% during the 2nd quarter. Mutual Advisors LLC now owns 124,908 shares of the company’s stock valued at $7,497,000 after purchasing an additional 42,424 shares during the period. Balboa Wealth Partners increased its holdings in First Trust Enhanced Short Maturity ETF by 28.6% in the 2nd quarter. Balboa Wealth Partners now owns 4,866 shares of the company’s stock valued at $291,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in First Trust Enhanced Short Maturity ETF by 2.4% in the 1st quarter. Baird Financial Group Inc. now owns 281,261 shares of the company’s stock valued at $16,831,000 after acquiring an additional 6,484 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $60.12 on Tuesday. The firm’s fifty day moving average is $60.03 and its two-hundred day moving average is $59.96. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.69 and a 52-week high of $60.12.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 30th were paid a dividend of $0.213 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a c) 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.