GDS Wealth Management Invests $23.47 Million in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

GDS Wealth Management acquired a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 393,454 shares of the company’s stock, valued at approximately $23,473,000. First Trust Enhanced Short Maturity ETF accounts for 3.2% of GDS Wealth Management’s portfolio, making the stock its 7th biggest holding. GDS Wealth Management owned 0.34% of First Trust Enhanced Short Maturity ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FTSM. International Assets Investment Management LLC lifted its holdings in 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 purchasing an additional 2,911,719 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 2.3% during the 3rd quarter. LPL Financial LLC now owns 8,722,953 shares of the company’s stock valued at $518,318,000 after acquiring an additional 195,687 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 126.0% in the fourth quarter. HBK Sorce Advisory LLC now owns 273,944 shares of the company’s stock valued at $16,344,000 after purchasing an additional 152,755 shares during the period. IronBridge Private Wealth LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth about $7,784,000. Finally, Comerica Bank purchased a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth about $7,606,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock traded up $0.02 during trading hours on Thursday, hitting $59.68. The company’s stock had a trading volume of 590,547 shares, compared to its average volume of 942,131. The firm has a fifty day moving average of $59.70 and a 200-day moving average of $59.70. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.40 and a twelve month high of $59.94.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 3rd. Shareholders of record on Wednesday, May 1st were given a $0.249 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.24. The ex-dividend date was Tuesday, April 30th.

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.