Mainsail Financial Group LLC Increases Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Mainsail Financial Group LLC raised its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,857 shares of the company’s stock after acquiring an additional 12,197 shares during the period. First Trust Enhanced Short Maturity ETF makes up about 8.2% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 2nd largest position. Mainsail Financial Group LLC owned 0.22% of First Trust Enhanced Short Maturity ETF worth $13,766,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Brookstone Capital Management lifted its position in shares of First Trust Enhanced Short Maturity ETF by 17.6% during the first quarter. Brookstone Capital Management now owns 6,513 shares of the company’s stock valued at $388,000 after buying an additional 974 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.0% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 43,796 shares of the company’s stock worth $2,611,000 after acquiring an additional 2,491 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 9.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 188,752 shares of the company’s stock worth $11,253,000 after purchasing an additional 15,540 shares during the last quarter. Towerpoint Wealth LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 2.2% during the 1st quarter. Towerpoint Wealth LLC now owns 93,543 shares of the company’s stock worth $5,577,000 after purchasing an additional 2,037 shares during the last quarter. Finally, RiverTree Advisors LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.5% during the 1st quarter. RiverTree Advisors LLC now owns 295,568 shares of the company’s stock worth $17,622,000 after purchasing an additional 4,384 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ FTSM opened at $59.98 on Wednesday. The stock has a 50-day moving average of $59.97 and a two-hundred day moving average of $59.82. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.43 and a 1-year high of $60.16.

First Trust Enhanced Short Maturity ETF Announces Dividend

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

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.