Concurrent Investment Advisors LLC Increases Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 52.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,231 shares of the company’s stock after acquiring an additional 6,244 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,087,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FTSM. Sachetta LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $30,000. Register Financial Advisors LLC bought a new position in First Trust Enhanced Short Maturity ETF during the first quarter valued at about $38,000. YHB Investment Advisors Inc. purchased a new stake in First Trust Enhanced Short Maturity ETF during the first quarter worth about $47,000. Hilltop National Bank bought a new stake in First Trust Enhanced Short Maturity ETF in the second quarter worth about $76,000. Finally, PSI Advisors LLC raised its position in First Trust Enhanced Short Maturity ETF by 1,893.9% in the second quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock worth $78,000 after acquiring an additional 1,250 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.82 on Monday. The firm has a 50 day moving average price of $59.83 and a 200-day moving average price of $59.76. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.41 and a twelve month high of $60.06.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.247 per share. This represents a $2.96 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Friday, August 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.