Western Wealth Management LLC Has $9.61 Million Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Western Wealth Management LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 30.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,037 shares of the company’s stock after buying an additional 37,449 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up approximately 0.7% of Western Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Western Wealth Management LLC owned 0.14% of First Trust Enhanced Short Maturity ETF worth $9,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Osborne Partners Capital Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth about $251,000. Dynamic Advisor Solutions LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $1,301,000. Cedrus LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 16.5% in the 4th quarter. Cedrus LLC now owns 14,220 shares of the company’s stock valued at $848,000 after purchasing an additional 2,010 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $450,000. Finally, Industrial Alliance Investment Management Inc. lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 72.6% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 13,238 shares of the company’s stock valued at $787,000 after purchasing an additional 5,568 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Up 0.1 %

Shares of NASDAQ:FTSM traded up $0.03 during midday trading on Thursday, reaching $59.71. The company’s stock had a trading volume of 713,466 shares, compared to its average volume of 974,064. The firm has a 50 day moving average price of $59.73 and a two-hundred day moving average price of $59.69. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.40 and a fifty-two week high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, April 1st were paid a $0.249 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Thursday, March 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.