Balboa Wealth Partners Grows Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Balboa Wealth Partners boosted its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 564.2% in the first quarter, Holdings Channel reports. The institutional investor owned 304,852 shares of the company’s stock after buying an additional 258,957 shares during the period. First Trust Enhanced Short Maturity ETF accounts for approximately 3.1% of Balboa Wealth Partners’ holdings, making the stock its 4th largest position. Balboa Wealth Partners’ holdings in First Trust Enhanced Short Maturity ETF were worth $18,224,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. 360 Financial Inc. raised its position in First Trust Enhanced Short Maturity ETF by 0.7% during the 3rd quarter. 360 Financial Inc. now owns 28,589 shares of the company’s stock worth $1,713,000 after purchasing an additional 190 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 2.4% during the 3rd quarter. Rathbones Group PLC now owns 8,438 shares of the company’s stock worth $506,000 after buying an additional 200 shares in the last quarter. PMV Capital Advisers LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 4.2% during the 4th quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock worth $297,000 after buying an additional 200 shares during the period. Proactive Wealth Strategies LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 0.5% during the 4th quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock worth $4,014,000 after buying an additional 318 shares during the period. Finally, Principal Securities Inc. boosted its position in shares of First Trust Enhanced Short Maturity ETF by 1.1% during the 4th quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock worth $1,885,000 after purchasing an additional 346 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.87 on Monday. The stock’s 50 day simple moving average is $59.87 and its 200 day simple moving average is $59.93. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.74 and a fifty-two week high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 29th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 4.1%.

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.