Fairhaven Wealth Management LLC Invests $300,000 in First Trust Enhanced Short Maturity ETF (FTSM) Stock

Fairhaven Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,007 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds also recently added to or reduced their stakes in FTSM. Morgan Stanley lifted its position in First Trust Enhanced Short Maturity ETF by 62.4% in the 3rd quarter. Morgan Stanley now owns 7,315,209 shares of the company’s stock worth $439,059,000 after buying an additional 2,810,246 shares in the last quarter. Bank of America Corp DE lifted its position in First Trust Enhanced Short Maturity ETF by 55.5% in the 4th quarter. Bank of America Corp DE now owns 5,353,102 shares of the company’s stock worth $320,384,000 after buying an additional 1,911,500 shares in the last quarter. LPL Financial LLC lifted its position in First Trust Enhanced Short Maturity ETF by 52.1% in the 4th quarter. LPL Financial LLC now owns 1,509,634 shares of the company’s stock worth $90,352,000 after buying an additional 517,142 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in First Trust Enhanced Short Maturity ETF by 110.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 948,166 shares of the company’s stock worth $56,748,000 after buying an additional 497,808 shares in the last quarter. Finally, BB&T Securities LLC lifted its position in First Trust Enhanced Short Maturity ETF by 122.0% in the 4th quarter. BB&T Securities LLC now owns 861,017 shares of the company’s stock worth $51,531,000 after buying an additional 473,241 shares in the last quarter.

Shares of FTSM traded down $0.01 during mid-day trading on Friday, hitting $60.05. 356,862 shares of the company’s stock were exchanged, compared to its average volume of 839,469. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.78 and a twelve month high of $60.12.

The company also recently announced a monthly dividend, which was paid on Friday, May 3rd. Investors of record on Wednesday, May 1st were paid a $0.126 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.51 dividend on an annualized basis and a yield of 2.52%.

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Institutional Ownership by Quarter for First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

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