Hickory Asset Management Inc. Invests $383,000 in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Hickory Asset Management Inc. bought a new position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,405 shares of the company’s stock, valued at approximately $383,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FTSM. Trust Co. of Vermont bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $84,000. AdvisorNet Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth $91,000. Centaurus Financial Inc. increased its position in First Trust Enhanced Short Maturity ETF by 26.4% during the third quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after acquiring an additional 527 shares during the period. Global Trust Asset Management LLC bought a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth $159,000. Finally, Farmers & Merchants Investments Inc. bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $177,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.89 on Friday. The company’s fifty day moving average price is $59.86 and its two-hundred day moving average price is $59.90. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were issued a $0.226 dividend. This represents a $2.71 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Friday, January 31st.

First Trust Enhanced Short Maturity ETF Company 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.