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

Fairway Financial LLC bought a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 96,609 shares of the company’s stock, valued at approximately $5,774,000. First Trust Enhanced Short Maturity ETF accounts for approximately 5.3% of Fairway Financial LLC’s portfolio, making the stock its 9th largest position. Fairway Financial LLC owned about 0.09% of First Trust Enhanced Short Maturity ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTSM. Cambridge Advisors Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1.0% during the 3rd quarter. Cambridge Advisors Inc. now owns 17,034 shares of the company’s stock valued at $1,020,000 after buying an additional 173 shares during the period. TFG Advisers LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 5.1% during the 4th quarter. TFG Advisers LLC now owns 4,252 shares of the company’s stock valued at $254,000 after buying an additional 208 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of First Trust Enhanced Short Maturity ETF by 3.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,928 shares of the company’s stock valued at $475,000 after buying an additional 293 shares during the period. Sunbelt Securities Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 8.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock valued at $255,000 after buying an additional 339 shares during the period. Finally, Silver Oak Securities Incorporated grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1.9% during the 3rd quarter. Silver Oak Securities Incorporated now owns 21,950 shares of the company’s stock valued at $1,320,000 after buying an additional 406 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ FTSM opened at $59.92 on Friday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16. The firm has a fifty day moving average of $59.87 and a 200-day moving average of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Friday, January 31st were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 annualized dividend and a dividend yield of 4.53%.

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.