4,238 Shares in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Purchased by Madison Park Capital Advisors LLC

Madison Park Capital Advisors LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,238 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds have also recently bought and sold shares of FTSM. Key Financial Inc acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $43,000. Parkside Financial Bank & Trust acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $48,000. Inspire Advisors LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $213,000. First Trust Direct Indexing L.P. acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $224,000. Finally, TFG Advisers LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 9.4% in the 3rd quarter. TFG Advisers LLC now owns 3,819 shares of the company’s stock valued at $227,000 after purchasing an additional 328 shares during the period.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

Shares of NASDAQ:FTSM traded up $0.02 during midday trading on Tuesday, reaching $59.76. The company had a trading volume of 679,002 shares, compared to its average volume of 964,322. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.40 and a 1-year high of $59.94. The company has a fifty day simple moving average of $59.72 and a two-hundred day simple moving average of $59.69.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

About First Trust Enhanced Short Maturity ETF

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.