IMG Wealth Management Inc. Invests $3.07 Million in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

IMG Wealth Management Inc. bought a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 51,430 shares of the company’s stock, valued at approximately $3,074,000. First Trust Enhanced Short Maturity ETF accounts for 2.8% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 13th largest holding.

Several other large investors also recently bought and sold shares of FTSM. Marshall Investment Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $33,000. US Bancorp DE boosted its position in First Trust Enhanced Short Maturity ETF by 298.0% during the fourth 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 purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $91,000. Centaurus Financial Inc. raised its stake in shares of 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 buying an additional 527 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth $159,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $59.91 on Friday. The business’s fifty day moving average price is $59.88 and its two-hundred day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 28th were issued a $0.203 dividend. The ex-dividend date was Friday, February 28th.

First Trust Enhanced Short Maturity ETF Company 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.