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

Fortis Group Advisors LLC purchased a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,954 shares of the company’s stock, valued at approximately $3,390,000. First Trust Enhanced Short Maturity ETF accounts for about 1.0% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $28,000. Bessemer Group Inc. boosted its position in shares of First Trust Enhanced Short Maturity ETF by 202.0% in the 1st quarter. Bessemer Group Inc. now owns 616 shares of the company’s stock worth $36,000 after purchasing an additional 412 shares in the last quarter. FMR LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 71,500.0% in the 1st quarter. FMR LLC now owns 716 shares of the company’s stock worth $43,000 after purchasing an additional 715 shares in the last quarter. Signaturefd LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 2,393.9% in the 1st quarter. Signaturefd LLC now owns 823 shares of the company’s stock worth $49,000 after buying an additional 790 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter valued at $52,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM traded up $0.01 on Wednesday, hitting $59.54. 161,388 shares of the company traded hands, compared to its average volume of 1,489,764. The stock has a 50 day simple moving average of $59.56 and a 200-day simple moving average of $59.59. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.26 and a 52 week high of $59.76.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, September 1st were issued a $0.247 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.96 annualized dividend and a yield of 4.98%.

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.