Stone Wealth Partners Takes $3.24 Million Position in First Trust Enhanced Short Maturity ETF $FTSM

Stone Wealth Partners bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 54,064 shares of the company’s stock, valued at approximately $3,240,000. First Trust Enhanced Short Maturity ETF makes up approximately 2.9% of Stone Wealth Partners’ portfolio, making the stock its 10th largest position. Stone Wealth Partners owned 0.05% of First Trust Enhanced Short Maturity ETF at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FTSM. 360 Financial Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 0.7% in the third quarter. 360 Financial Inc. now owns 28,589 shares of the company’s stock valued at $1,713,000 after purchasing an additional 190 shares during the last quarter. Rathbones Group PLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 2.4% during the 3rd quarter. Rathbones Group PLC now owns 8,438 shares of the company’s stock worth $506,000 after buying an additional 200 shares during the last quarter. PMV Capital Advisers LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 4.2% during the 4th quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock worth $297,000 after buying an additional 200 shares during the last quarter. Proactive Wealth Strategies LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.5% in the 4th quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock valued at $4,014,000 after buying an additional 318 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.1% in the 4th quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock valued at $1,885,000 after buying an additional 346 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.1%

NASDAQ FTSM opened at $59.87 on Friday. The firm’s fifty day moving average price is $59.87 and its 200 day moving average price is $59.93. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.74 and a 12 month high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th were issued a $0.205 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, May 29th.

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.