TCV Trust & Wealth Management Inc. Takes $330,000 Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

TCV Trust & Wealth Management Inc. bought a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,510 shares of the company’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.6% during the second quarter. LPL Financial LLC now owns 8,568,887 shares of the company’s stock valued at $510,706,000 after purchasing an additional 530,475 shares during the last quarter. Cetera Investment Advisers lifted its stake in First Trust Enhanced Short Maturity ETF by 453.9% during the first quarter. Cetera Investment Advisers now owns 1,612,862 shares of the company’s stock valued at $96,159,000 after buying an additional 1,321,695 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,388,183 shares of the company’s stock worth $82,736,000 after buying an additional 56,415 shares during the period. Raymond James & Associates increased its position in shares of First Trust Enhanced Short Maturity ETF by 20.1% in the second quarter. Raymond James & Associates now owns 1,147,010 shares of the company’s stock worth $68,362,000 after acquiring an additional 192,229 shares in the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 5.2% during the second quarter. Csenge Advisory Group now owns 1,107,874 shares of the company’s stock valued at $66,029,000 after acquiring an additional 54,665 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $60.01 on Friday. The firm has a 50 day simple moving average of $59.97 and a 200 day simple moving average of $59.83. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.43 and a 52 week high of $60.16.

First Trust Enhanced Short Maturity ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 30th were issued a $0.247 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.94%.

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.