White Wing Wealth Management Takes $280,000 Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

White Wing Wealth Management bought a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,696 shares of the company’s stock, valued at approximately $280,000. First Trust Enhanced Short Maturity ETF makes up approximately 0.2% of White Wing Wealth Management’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTSM. Ancora Advisors LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter worth about $353,000. Hudson Portfolio Management LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 9.7% in the third quarter. Hudson Portfolio Management LLC now owns 6,755 shares of the company’s stock worth $401,000 after acquiring an additional 600 shares during the period. Key Client Fiduciary Advisors LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 20.7% in the third quarter. Key Client Fiduciary Advisors LLC now owns 43,614 shares of the company’s stock valued at $2,592,000 after buying an additional 7,480 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 72.6% in the third quarter. Industrial Alliance Investment Management Inc. now owns 13,238 shares of the company’s stock valued at $787,000 after acquiring an additional 5,568 shares during the last quarter. Finally, WealthPlan Investment Management LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 31,234.5% in the 3rd quarter. WealthPlan Investment Management LLC now owns 74,576 shares of the company’s stock valued at $4,431,000 after buying an additional 74,338 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM traded up $0.03 during trading hours on Friday, reaching $59.60. The company had a trading volume of 815,427 shares, compared to its average volume of 837,999. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.40 and a 12-month high of $59.94. The firm has a 50 day simple moving average of $59.72 and a 200-day simple moving average of $59.73.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 28th will be paid a dividend of $0.245 per share. This represents a $2.94 annualized dividend and a yield of 4.93%. The ex-dividend date is Friday, June 28th.

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.