Western Wealth Management LLC Purchases 37,449 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Western Wealth Management LLC boosted its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 30.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,037 shares of the company’s stock after acquiring an additional 37,449 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for approximately 0.7% of Western Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Western Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $9,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of First Trust Enhanced Short Maturity ETF by 22.3% during the fourth quarter. Morgan Stanley now owns 16,687,945 shares of the company’s stock valued at $991,931,000 after buying an additional 3,038,020 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 3,702.2% during the fourth quarter. International Assets Investment Management LLC now owns 2,990,367 shares of the company’s stock valued at $178,405,000 after buying an additional 2,911,719 shares during the last quarter. Jane Street Group LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 10,237.3% during the fourth quarter. Jane Street Group LLC now owns 738,086 shares of the company’s stock valued at $43,872,000 after buying an additional 730,946 shares during the last quarter. Mariner LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 520.7% during the fourth quarter. Mariner LLC now owns 608,629 shares of the company’s stock valued at $36,177,000 after buying an additional 510,574 shares during the last quarter. Finally, CI Private Wealth LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at about $28,747,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.1 %

Shares of NASDAQ:FTSM traded up $0.03 on Thursday, reaching $59.71. 713,466 shares of the company traded hands, compared to its average volume of 974,064. The business’s 50-day simple moving average is $59.73 and its 200 day simple moving average is $59.69. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.40 and a 52 week high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, April 1st were paid a $0.249 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.99 annualized dividend and a dividend yield of 5.00%.

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.