D.A. Davidson & CO. Buys 25,042 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

D.A. Davidson & CO. increased its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,363 shares of the company’s stock after purchasing an additional 25,042 shares during the quarter. D.A. Davidson & CO. owned approximately 0.12% of First Trust Enhanced Short Maturity ETF worth $7,553,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Cambridge Advisors Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1.0% in the third quarter. Cambridge Advisors Inc. now owns 17,034 shares of the company’s stock worth $1,020,000 after purchasing an additional 173 shares during the last quarter. TFG Advisers LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 5.1% in the fourth 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 lifted its holdings in First Trust Enhanced Short Maturity ETF by 3.8% in the third 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. lifted its holdings in First Trust Enhanced Short Maturity ETF by 8.6% in the third 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, Symphony Financial Ltd. Co. lifted its holdings in First Trust Enhanced Short Maturity ETF by 2.8% in the third quarter. Symphony Financial Ltd. Co. now owns 14,550 shares of the company’s stock valued at $875,000 after buying an additional 400 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.90 on Thursday. The company’s fifty day simple moving average is $59.87 and its 200 day simple moving average is $59.91. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16.

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 issued 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.