Dynamic Advisor Solutions Purchases New Stake in First Trust Enhanced Short Maturity ETF

In recent financial news, Dynamic Advisor Solutions LLC has opted to diversify its portfolio by purchasing a new position in the First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) during the fourth quarter. The acquisition was formally reported to the Securities and Exchange Commission. This strategic move involved the purchase of 21,790 shares, which are currently valued at approximately $1,301,000.

Investment Trends in FTSM

The First Trust Enhanced Short Maturity ETF has seen varying levels of interest from a range of institutional investors and hedge funds. Within the first quarter, notable transactions include the Bank of New York Mellon Corp initiating a new stake valued at about $210,000. Additionally, Blair William & Co. IL massively increased their holdings by 1,194%, bringing their total to 30,809 shares with a market value of $1,834,000. Simultaneously, Equitable Holdings Inc. augmented their position by 13.7%, reaching a total of 14,366 shares valued at $855,000. Not to be overshadowed, First Trust Advisors LP made a significant investment with a new stake worth roughly $15,033,000. Finally, a new position worth about $228,000 was established by Worth Asset Management LLC.

Market Performance of FTSM

The trading price for FTSM opened at $59.78 on the NASDAQ, with past performance indicating a 52-week low of $59.40 and peaking at a 52-week high of $59.94. Investors are also gauging the fund's stability through its 50-day and 200-day simple moving averages, currently at $59.77 and $59.67 respectively.

Dividend Adjustments

FTSM has also experienced adjustments in its dividend distribution. The latest dividend was issued on March 5th, to shareholders recorded on March 1st. The distributed amount was $0.24 per share, with the noteworthy ex-dividend date being February 29th.

About First Trust Enhanced Short Maturity ETF

The First Trust Enhanced Short Maturity ETF is designed for investors looking for actively-managed exposure to fixed income securities. Focusing on securities with a target maturity of less than three years, FTSM follows the Bloomberg U.S. Short Treasury Bond index. Since launching on August 5, 2014, the fund has been under the management of First Trust.

DynamicAdvisorSolutions, FirstTrust, ETF