Lee Danner & Bass Inc. Makes New $406,000 Investment in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Lee Danner & Bass Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,800 shares of the company’s stock, valued at approximately $406,000.

Several other hedge funds have also recently added to or reduced their stakes in FTSM. Raymond James Financial Inc. bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $154,932,000. Independent Advisor Alliance bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $27,777,000. TCP Asset Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $18,798,000. Holistic Planning LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1,689.7% in the 4th quarter. Holistic Planning LLC now owns 261,409 shares of the company’s stock worth $15,624,000 after acquiring an additional 246,803 shares during the period. Finally, Truist Financial Corp lifted its position in shares of First Trust Enhanced Short Maturity ETF by 67.9% in the 4th quarter. Truist Financial Corp now owns 517,372 shares of the company’s stock worth $30,923,000 after acquiring an additional 209,257 shares during the period.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

Shares of FTSM stock opened at $59.99 on Friday. The stock has a 50 day moving average of $59.90 and a two-hundred day moving average of $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 business also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 28th were issued a $0.203 dividend. The ex-dividend date of this dividend was Friday, February 28th.

First Trust Enhanced Short Maturity ETF 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.