Synovus Financial Corp Has $4.36 Million Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Synovus Financial Corp grew its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 18.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 72,748 shares of the company’s stock after buying an additional 11,522 shares during the quarter. Synovus Financial Corp’s holdings in First Trust Enhanced Short Maturity ETF were worth $4,355,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $34,000. Tsfg LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter worth $36,000. PSI Advisors LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,893.9% during the second quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock worth $78,000 after purchasing an additional 1,250 shares during the last quarter. UMB Bank n.a. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at $84,000. Finally, Trust Co. of Vermont bought a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at about $84,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $59.89 on Friday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16. The firm’s 50-day simple moving average is $59.90 and its 200 day simple moving average is $59.87.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 29th were given a dividend of $0.23 per share. The ex-dividend date was Friday, November 29th.

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.