Accurate Wealth Management LLC Makes New $1.73 Million Investment in First Trust Enhanced Short Maturity ETF $FTSM

Accurate Wealth Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,785 shares of the company’s stock, valued at approximately $1,727,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FTSM. Bank of America Corp DE lifted its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after acquiring an additional 110,033 shares in the last quarter. Csenge Advisory Group grew its position in shares of First Trust Enhanced Short Maturity ETF by 18.8% during the third quarter. Csenge Advisory Group now owns 1,861,233 shares of the company’s stock worth $111,506,000 after purchasing an additional 294,703 shares in the last quarter. First Trust Advisors LP raised its stake in 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 purchasing an additional 261,933 shares during the period. Gradient Investments LLC raised its stake in First Trust Enhanced Short Maturity ETF by 3.7% during the 4th quarter. Gradient Investments LLC now owns 628,139 shares of the company’s stock valued at $37,644,000 after purchasing an additional 22,373 shares during the period. Finally, Truist Financial Corp lifted its holdings in First Trust Enhanced Short Maturity ETF by 5.2% in the 3rd quarter. Truist Financial Corp now owns 564,814 shares of the company’s stock worth $33,838,000 after purchasing an additional 27,997 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.90 on Friday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.73 and a 1-year high of $60.14. The business has a 50 day simple moving average of $59.98 and a two-hundred day simple moving average of $60.00.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 27th were given a dividend of $0.191 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

First Trust Enhanced Short Maturity ETF 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.