Lion Street Advisors LLC Acquires 2,333 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Lion Street Advisors LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,596 shares of the company’s stock after acquiring an additional 2,333 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up about 0.6% of Lion Street Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Lion Street Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GDS Wealth Management increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 204.9% in the third quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock worth $88,131,000 after purchasing an additional 989,192 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 11.3% in the third quarter. Stifel Financial Corp now owns 837,811 shares of the company’s stock worth $50,159,000 after purchasing an additional 84,918 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in First Trust Enhanced Short Maturity ETF by 56.7% during the third quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock worth $30,258,000 after acquiring an additional 182,844 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in First Trust Enhanced Short Maturity ETF by 8.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 442,971 shares of the company’s stock worth $26,476,000 after acquiring an additional 33,344 shares during the last quarter. Finally, TCP Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $18,798,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ FTSM opened at $59.78 on Wednesday. The business’s 50 day moving average is $59.87 and its two-hundred day moving average is $59.91. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.54 and a 1-year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 annualized dividend and a yield of 4.54%.

First Trust Enhanced Short Maturity ETF Company Profile

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.