Brookstone Capital Management Has $416,000 Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Brookstone Capital Management increased its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,957 shares of the company’s stock after buying an additional 444 shares during the period. Brookstone Capital Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $416,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sachetta LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $30,000. Register Financial Advisors LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter worth approximately $38,000. YHB Investment Advisors Inc. bought a new position in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth approximately $47,000. Hilltop National Bank acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at approximately $76,000. Finally, Webster Bank N. A. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at approximately $98,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM opened at $59.93 on Tuesday. The business’s 50 day simple moving average is $59.79 and its 200 day simple moving average is $59.74. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.41 and a 1 year high of $59.95.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 2nd. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.247 per share. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.25. This represents a $2.96 annualized dividend and a dividend yield of 4.95%. The ex-dividend date was Wednesday, July 31st.

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.