Marshall Investment Management LLC Takes Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Marshall Investment Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 543 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds have also recently modified their holdings of FTSM. GDS Wealth Management boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 204.9% during the 3rd 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 in the last quarter. TCP Asset Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at $18,798,000. Holistic Planning LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,689.7% during the 4th quarter. Holistic Planning LLC now owns 261,409 shares of the company’s stock valued at $15,624,000 after buying an additional 246,803 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 67.9% during the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock valued at $13,132,000 after buying an additional 206,449 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.96 on Friday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16. The company’s fifty day moving average price is $59.87 and its 200-day moving average price is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 31st were paid a $0.226 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Friday, January 31st.

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.