Envestnet Portfolio Solutions Inc. Raises Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Envestnet Portfolio Solutions Inc. lifted its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 73.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,593 shares of the company’s stock after purchasing an additional 10,379 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,470,000 at the end of the most recent quarter.

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

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.99 on Friday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16. The company’s 50 day moving average is $59.90 and its 200 day moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 28th were given a $0.203 dividend. 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.