First Trust Enhanced Short Maturity ETF $FTSM is Ellsworth Advisors LLC’s 4th Largest Position

Ellsworth Advisors LLC raised its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 10.2% during the 3rd quarter, Holdings Channel reports. The fund owned 214,337 shares of the company’s stock after purchasing an additional 19,760 shares during the period. First Trust Enhanced Short Maturity ETF makes up approximately 2.8% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Ellsworth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $12,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTSM. Royal Bank of Canada increased its position in First Trust Enhanced Short Maturity ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock worth $157,833,000 after purchasing an additional 298,239 shares during the last quarter. Bank of America Corp DE grew its stake in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after buying an additional 110,033 shares in the last quarter. Csenge Advisory Group increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 32.3% in the 2nd quarter. Csenge Advisory Group now owns 1,566,530 shares of the company’s stock worth $93,678,000 after buying an additional 382,650 shares during the last quarter. First Trust Advisors LP raised its position in shares of First Trust Enhanced Short Maturity ETF by 22.2% during the 2nd quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock valued at $86,386,000 after buying an additional 261,933 shares in the last quarter. Finally, Concorde Asset Management LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 1,243.9% during the 1st quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock valued at $69,717,000 after buying an additional 1,078,906 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.1%

FTSM opened at $60.10 on Friday. The stock has a 50-day moving average of $60.01 and a 200 day moving average of $59.99. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.69 and a 12 month high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.