Several hedge funds have recently adjusted their holdings in the First Trust Enhanced Short Maturity ETF. Cambridge Advisors Inc. increased its shares by 1.0% to own 16,861 shares worth $1,005,000. Naples Global Advisors LLC raised its share by 1.2% to 15,797 shares valued at $945,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH also increased its stake by 1.2% to 16,956 shares worth $1,011,000. TAP Consulting LLC grew its position by 1.3%, holding 16,894 shares valued at $1,007,000. Willner & Heller LLC raised its stake by 1.3% to 19,091 shares valued at $1,138,000.
Stock Performance
First Trust Enhanced Short Maturity ETF stock opened at $59.91 on Friday, with a 12-month range of $59.42 to $60.16. The 50-day average is $59.94 and the 200-day average is $59.80.
Dividend Announcement
The ETF recently announced a monthly dividend of $0.247 per share, paid on September 4th to shareholders who were on record as of August 30th. This equates to an annual dividend of $2.96, giving a yield of 4.95%.
ETF Profile
The First Trust Enhanced Short Maturity ETF (FTSM) is an actively managed fund that invests in fixed income securities targeting maturities under three years. Launched on August 5, 2014, it is managed by First Trust.
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Want to see what hedge funds own FTSM? Check HoldingsChannel.com for the latest 13F filings and insider trades.
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