Edge Financial Advisors LLC Makes New Investment in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Edge Financial Advisors LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,872 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors have also recently modified their holdings of the business. Sachetta LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $30,000. Register Financial Advisors LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter valued at approximately $38,000. Signal Advisors Wealth LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $205,000. Calton & Associates Inc. purchased a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter worth $209,000. Finally, Claro Advisors LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the first quarter worth $232,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM traded up $0.05 during midday trading on Friday, hitting $59.69. 122,867 shares of the company traded hands, compared to its average volume of 827,216. The business has a 50 day simple moving average of $59.71 and a two-hundred day simple moving average of $59.73. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.41 and a 52-week high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 28th were issued a $0.245 dividend. This represents a $2.94 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Friday, June 28th.

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.