HighTower Advisors LLC Buys 17,610 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

HighTower Advisors LLC grew its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,288 shares of the company’s stock after acquiring an additional 17,610 shares during the quarter. HighTower Advisors LLC owned 0.22% of First Trust Enhanced Short Maturity ETF worth $13,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FTSM. Marshall Investment Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $33,000. US Bancorp DE increased its stake in First Trust Enhanced Short Maturity ETF by 298.0% during the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $91,000. Centaurus Financial Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 26.4% during the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after purchasing an additional 527 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $159,000.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ FTSM opened at $59.91 on Monday. The business has a 50 day simple moving average of $59.88 and a 200 day simple moving average of $59.91. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 28th were paid a dividend of $0.203 per share. The ex-dividend date was Friday, February 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.