Dagco Inc. Buys 8,913 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Dagco Inc. increased its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 76.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,578 shares of the company’s stock after purchasing an additional 8,913 shares during the period. Dagco Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after purchasing an additional 3,600,586 shares in the last quarter. BDFS Capital LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $63,291,000. Wells Fargo & Company MN grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock worth $518,664,000 after buying an additional 876,866 shares in the last quarter. GDS Wealth Management raised its position in First Trust Enhanced Short Maturity ETF by 105.2% in the 4th quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock valued at $51,485,000 after buying an additional 440,329 shares during the last quarter. Finally, Kaydan Wealth Management Inc. raised its position in First Trust Enhanced Short Maturity ETF by 651.8% in the 4th quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock valued at $24,900,000 after buying an additional 360,223 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $59.90 on Friday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.74 and a 52 week high of $60.14. The stock’s 50 day moving average price is $59.87 and its two-hundred day moving average price is $59.93.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th were issued a $0.205 dividend. The ex-dividend date was Friday, May 29th. 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.