TAP Consulting LLC Invests $1.37 Million in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

TAP Consulting LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,874 shares of the company’s stock, valued at approximately $1,365,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Osborne Partners Capital Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth $251,000. Dynamic Advisor Solutions LLC bought a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $1,301,000. Cedrus LLC grew its stake in First Trust Enhanced Short Maturity ETF by 16.5% in the fourth quarter. Cedrus LLC now owns 14,220 shares of the company’s stock valued at $848,000 after acquiring an additional 2,010 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $450,000. Finally, Industrial Alliance Investment Management Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 72.6% during the third quarter. Industrial Alliance Investment Management Inc. now owns 13,238 shares of the company’s stock worth $787,000 after purchasing an additional 5,568 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM traded up $0.02 on Thursday, hitting $59.77. The company’s stock had a trading volume of 663,964 shares, compared to its average volume of 956,066. The firm’s fifty day moving average price is $59.73 and its 200-day moving average price is $59.70. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.40 and a fifty-two week high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, April 1st were paid a $0.249 dividend. This represents a $2.99 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Thursday, March 28th.

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.