Advyzon Investment Management LLC Takes Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Advyzon Investment Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,177 shares of the company’s stock, valued at approximately $1,684,000. First Trust Enhanced Short Maturity ETF makes up about 0.6% of Advyzon Investment Management LLC’s portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AdvisorNet Financial Inc bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $91,000. Centaurus Financial Inc. grew its position in First Trust Enhanced Short Maturity ETF by 26.4% in the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after purchasing an additional 527 shares during the period. Global Trust Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at $159,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $177,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at $200,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $59.90 on Thursday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.54 and a 1 year high of $60.16. The company has a 50-day moving average price of $59.87 and a 200-day moving average price of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were issued a dividend of $0.226 per share. This represents a $2.71 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Friday, January 31st.

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.