Farmers & Merchants Investments Inc. Acquires New Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,956 shares of the company’s stock, valued at approximately $177,000.

A number of other institutional investors also recently bought and sold shares of FTSM. Edge Financial Advisors LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter worth $231,000. J.W. Cole Advisors Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 157.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 22,266 shares of the company’s stock worth $1,328,000 after purchasing an additional 13,607 shares during the last quarter. Private Advisor Group LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 1.7% during the 1st quarter. Private Advisor Group LLC now owns 300,089 shares of the company’s stock worth $17,891,000 after purchasing an additional 4,967 shares during the last quarter. Centric Wealth Management boosted its stake in First Trust Enhanced Short Maturity ETF by 2.5% during the 1st quarter. Centric Wealth Management now owns 12,962 shares of the company’s stock worth $772,000 after purchasing an additional 315 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in First Trust Enhanced Short Maturity ETF by 36.6% during the 1st quarter. BNP Paribas Financial Markets now owns 121,180 shares of the company’s stock worth $7,225,000 after purchasing an additional 32,467 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $60.03 on Thursday. The firm’s fifty day moving average is $59.98 and its two-hundred day moving average is $59.83. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.43 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 30th were issued a $0.247 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.96 annualized dividend and a yield of 4.94%.

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.