Coastwise Capital Group LLC Takes Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Coastwise Capital Group LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,585 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cambridge Advisors Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.0% during the 2nd quarter. Cambridge Advisors Inc. now owns 16,861 shares of the company’s stock worth $1,005,000 after purchasing an additional 173 shares during the last quarter. TAP Consulting LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.3% in the 2nd quarter. TAP Consulting LLC now owns 16,894 shares of the company’s stock worth $1,007,000 after acquiring an additional 214 shares during the last quarter. Naples Global Advisors LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 1.4% during the 2nd quarter. Naples Global Advisors LLC now owns 16,022 shares of the company’s stock worth $958,000 after purchasing an additional 225 shares during the period. Willner & Heller LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 1.3% in the 2nd quarter. Willner & Heller LLC now owns 19,091 shares of the company’s stock valued at $1,138,000 after purchasing an additional 237 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in First Trust Enhanced Short Maturity ETF by 1.5% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,202 shares of the company’s stock valued at $1,025,000 after purchasing an additional 246 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM opened at $59.79 on Monday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.54 and a 52 week high of $60.16. The business has a fifty day simple moving average of $59.93 and a 200-day simple moving average of $59.86.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 29th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 29th.

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.