EdgeRock Capital LLC Makes New Investment in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

EdgeRock Capital LLC purchased a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,366 shares of the company’s stock, valued at approximately $1,161,000. First Trust Enhanced Short Maturity ETF makes up 0.9% of EdgeRock Capital LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTSM. Osborne Partners Capital Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at about $251,000. Dynamic Advisor Solutions LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $1,301,000. Cedrus LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 16.5% during 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 in the last quarter. Mach 1 Financial Group LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth $265,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth $450,000.

First Trust Enhanced Short Maturity ETF Price Performance

First Trust Enhanced Short Maturity ETF stock remained flat at $59.65 during midday trading on Tuesday. The company had a trading volume of 652,628 shares, compared to its average volume of 948,220. The stock’s 50-day moving average price is $59.70 and its 200-day moving average price is $59.70. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.40 and a twelve month high of $59.94.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 3rd. Investors of record on Wednesday, May 1st were paid a $0.249 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.24. The ex-dividend date of this dividend was Tuesday, April 30th.

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.