Independent Advisor Alliance Acquires Shares of 464,730 First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Independent Advisor Alliance acquired a new stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 464,730 shares of the company’s stock, valued at approximately $27,777,000.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% during the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock valued at $13,132,000 after buying an additional 206,449 shares during the last quarter. Guided Capital Wealth Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $6,920,000. Blackhawk Capital Partners LLC. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $1,926,000. Sunbelt Securities Inc. boosted its position in shares of First Trust Enhanced Short Maturity ETF by 8.6% during the third quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock valued at $255,000 after buying an additional 339 shares during the last quarter. Finally, Advyzon Investment Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $1,684,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.0 %

Shares of NASDAQ:FTSM opened at $59.89 on Monday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16. The business’s 50 day moving average is $59.87 and its 200 day moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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