First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) is GDS Wealth Management’s Largest Position

GDS Wealth Management boosted its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 204.9% in the 3rd quarter, Holdings Channel reports. The fund owned 1,472,046 shares of the company’s stock after buying an additional 989,192 shares during the period. First Trust Enhanced Short Maturity ETF makes up 8.6% of GDS Wealth Management’s investment portfolio, making the stock its largest position. GDS Wealth Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $88,131,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FTSM. Envestnet Portfolio Solutions Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 10.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,668 shares of the company’s stock valued at $1,232,000 after purchasing an additional 1,893 shares in the last quarter. Inspire Advisors LLC increased its stake in First Trust Enhanced Short Maturity ETF by 4.6% during the 1st quarter. Inspire Advisors LLC now owns 8,323 shares of the company’s stock worth $496,000 after buying an additional 367 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 10.5% in the first quarter. Avantax Advisory Services Inc. now owns 362,373 shares of the company’s stock valued at $21,605,000 after acquiring an additional 34,483 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 1.8% in the first quarter. Kingsview Wealth Management LLC now owns 319,903 shares of the company’s stock worth $19,073,000 after acquiring an additional 5,564 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 7.9% during the first quarter. HBK Sorce Advisory LLC now owns 295,721 shares of the company’s stock worth $17,631,000 after purchasing an additional 21,777 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ:FTSM opened at $59.86 on Monday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.53 and a twelve month high of $60.16. The company’s 50-day moving average price is $59.95 and its 200-day moving average price is $59.84.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, November 4th. Stockholders of record on Thursday, October 31st were given a $0.241 dividend. The ex-dividend date was Thursday, October 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.