First Trust Enhanced Short Maturity ETF $FTSM is 1776 Wealth LLC’s 8th Largest Position

1776 Wealth LLC cut its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 23.8% during the 3rd quarter, Holdings Channel reports. The firm owned 116,045 shares of the company’s stock after selling 36,233 shares during the period. First Trust Enhanced Short Maturity ETF comprises approximately 2.7% of 1776 Wealth LLC’s investment portfolio, making the stock its 8th biggest holding. 1776 Wealth LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $6,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FTSM. 360 Financial Inc. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.7% during the 2nd quarter. 360 Financial Inc. now owns 28,399 shares of the company’s stock valued at $1,700,000 after buying an additional 190 shares during the period. Global Retirement Partners LLC grew its position in First Trust Enhanced Short Maturity ETF by 3.1% in the 3rd quarter. Global Retirement Partners LLC now owns 6,754 shares of the company’s stock valued at $405,000 after buying an additional 202 shares in the last quarter. Brookstone Capital Management lifted its position in shares of First Trust Enhanced Short Maturity ETF by 5.6% during the 3rd quarter. Brookstone Capital Management now owns 4,602 shares of the company’s stock valued at $276,000 after acquiring an additional 244 shares during the last quarter. Centerpoint Advisory Group grew its stake in First Trust Enhanced Short Maturity ETF by 2.1% during the 2nd quarter. Centerpoint Advisory Group now owns 12,992 shares of the company’s stock valued at $778,000 after acquiring an additional 270 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1.1% in the second quarter. Chicago Partners Investment Group LLC now owns 25,318 shares of the company’s stock worth $1,519,000 after buying an additional 273 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ:FTSM opened at $59.98 on Thursday. The firm has a 50-day moving average price of $60.00 and a 200 day moving average price of $60.00. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.73 and a 12-month high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, January 30th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.