IMG Wealth Management Inc. Buys New Shares in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

IMG Wealth Management Inc. bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 4th quarter, Holdings Channel.com reports. The firm bought 51,430 shares of the company’s stock, valued at approximately $3,074,000. First Trust Enhanced Short Maturity ETF makes up 2.8% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $33,000. US Bancorp DE increased its position in First Trust Enhanced Short Maturity ETF by 298.0% during the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares during the last quarter. AdvisorNet Financial Inc acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $91,000. Centaurus Financial Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 26.4% during the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after buying an additional 527 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth $159,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $59.91 on Friday. The company’s 50 day moving average price is $59.88 and its 200 day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 28th were given a $0.203 dividend. The ex-dividend date was Friday, February 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.