Park Square Financial Group LLC Acquires New Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Park Square Financial Group LLC acquired a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 79,475 shares of the company’s stock, valued at approximately $4,750,000. First Trust Enhanced Short Maturity ETF makes up about 3.3% of Park Square Financial Group LLC’s investment portfolio, making the stock its 5th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Marshall Investment Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $33,000. US Bancorp DE lifted its stake in First Trust Enhanced Short Maturity ETF by 298.0% in the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares in the last quarter. Armis Advisers LLC purchased a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $205,000. World Investment Advisors acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $212,000. Finally, CacheTech Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $213,000.

First Trust Enhanced Short Maturity ETF Price Performance

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

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.