Triumph Capital Management Raises Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Triumph Capital Management lifted its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 12.0% during the 4th quarter, HoldingsChannel reports. The firm owned 268,848 shares of the company’s stock after acquiring an additional 28,869 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for about 5.5% of Triumph Capital Management’s investment portfolio, making the stock its largest holding. Triumph Capital Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $16,069,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $33,000. US Bancorp DE increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 298.0% in the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $91,000. Global Trust Asset Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $159,000. Finally, World Investment Advisors bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $212,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ FTSM opened at $59.91 on Friday. The business’s 50 day moving average is $59.90 and its two-hundred day moving average is $59.88. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.56 and a 1-year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 2nd. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.213 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.56 annualized dividend and a yield of 4.27%.

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.