Armis Advisers LLC Invests $205,000 in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Armis Advisers LLC acquired a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,432 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. WR Wealth Planners LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 1.7% in the 4th quarter. WR Wealth Planners LLC now owns 12,641 shares of the company’s stock worth $756,000 after purchasing an additional 207 shares in the last quarter. TFG Advisers LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 5.1% in the 4th quarter. TFG Advisers LLC now owns 4,252 shares of the company’s stock worth $254,000 after purchasing an additional 208 shares in the last quarter. World Equity Group Inc. increased its stake in shares of First Trust Enhanced Short Maturity ETF by 2.0% in the 4th quarter. World Equity Group Inc. now owns 13,606 shares of the company’s stock worth $813,000 after purchasing an additional 271 shares in the last quarter. Trustmark National Bank Trust Department increased its stake in shares of First Trust Enhanced Short Maturity ETF by 0.6% in the 4th quarter. Trustmark National Bank Trust Department now owns 61,192 shares of the company’s stock worth $3,657,000 after purchasing an additional 361 shares in the last quarter. Finally, Rathbones Group PLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 6.1% in the 4th quarter. Rathbones Group PLC now owns 8,163 shares of the company’s stock worth $488,000 after purchasing an additional 470 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock opened at $59.97 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.56 and a 52-week high of $60.16. The stock has a fifty day simple moving average of $59.90 and a two-hundred day simple moving average of $59.89.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 30th were paid a $0.213 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.56 dividend on an annualized basis and a yield of 4.26%.

First Trust Enhanced Short Maturity ETF Company 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.