Maripau Wealth Management LLC Acquires Shares of 7,050 First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Maripau Wealth Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 7,050 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GDS Wealth Management lifted its stake in 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 valued at $88,131,000 after buying an additional 989,192 shares during the last quarter. Stifel Financial Corp lifted its stake in 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 valued at $50,159,000 after buying an additional 84,918 shares during the last quarter. Truist Financial Corp lifted its stake in First Trust Enhanced Short Maturity ETF by 67.9% in the fourth quarter. Truist Financial Corp now owns 517,372 shares of the company’s stock valued at $30,923,000 after buying an additional 209,257 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 56.7% in the third quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock valued at $30,258,000 after purchasing an additional 182,844 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 8.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 442,971 shares of the company’s stock valued at $26,476,000 after purchasing an additional 33,344 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ:FTSM opened at $59.84 on Friday. The stock’s 50 day simple moving average is $59.88 and its 200-day simple moving average 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 business also recently announced a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 28th will be issued a $0.203 dividend. The ex-dividend date is 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.