Gilliland Jeter Wealth Management LLC Purchases Shares of 4,882 First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gilliland Jeter Wealth Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,882 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors have also added to or reduced their stakes in FTSM. Key Financial Inc bought a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $43,000. Parkside Financial Bank & Trust bought a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $48,000. Inspire Advisors LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $213,000. First Trust Direct Indexing L.P. bought a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $224,000. Finally, TFG Advisers LLC increased its stake in First Trust Enhanced Short Maturity ETF by 9.4% during the 3rd quarter. TFG Advisers LLC now owns 3,819 shares of the company’s stock valued at $227,000 after purchasing an additional 328 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.0 %

NASDAQ:FTSM traded up $0.02 on Friday, reaching $59.78. 691,093 shares of the stock traded hands, compared to its average volume of 952,794. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.40 and a 12 month high of $59.94. The company’s fifty day simple moving average is $59.72 and its 200 day simple moving average is $59.70.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, April 1st were issued a dividend of $0.249 per share. 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.

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.