MTM Investment Management LLC Increases Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

MTM Investment Management LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,737 shares of the company’s stock after acquiring an additional 700 shares during the quarter. MTM Investment Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,180,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tsfg LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $36,000. Trust Co. of Vermont bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $84,000. AdvisorNet Financial Inc bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $91,000. Centaurus Financial Inc. increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 26.4% in the third quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after buying an additional 527 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $159,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM opened at $59.82 on Thursday. The company’s fifty day moving average is $59.86 and its two-hundred day moving average is $59.91. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were issued a dividend of $0.226 per share. This represents a $2.71 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Friday, January 31st.

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.