Thrivent Financial for Lutherans Increases Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

On December 3, 2024, it was reported that Thrivent Financial for Lutherans has significantly increased its stake in the First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 84.6% in the third quarter. According to HoldingsChannel, the financial services organization now owns 17,643 shares of the ETF after acquiring an additional 8,083 shares during this period. The total value of Thrivent’s holdings in the First Trust Enhanced Short Maturity ETF reached approximately $1,056,000, based on its latest filing with the Securities and Exchange Commission.

Other investment firms have also been active in buying and selling shares of FTSM. For instance, Abich Financial Wealth Management LLC initiated a new position in the ETF in the second quarter, investing around $34,000. Similarly, Tsfg LLC also entered a new position in the third quarter valued at about $36,000. Hilltop National Bank purchased shares in the second quarter, valued at $76,000. PSI Advisors LLC demonstrated a significant increase, raising its position in the FTSM by an impressive 1,893.9% in the second quarter and owning 1,316 shares worth $78,000 after obtaining an additional 1,250 shares. In another move, UMB Bank n.a. bought new shares in the ETF during the third quarter, amounting to approximately $84,000.

First Trust Enhanced Short Maturity ETF Performance

As of the last trading session, shares of the First Trust Enhanced Short Maturity ETF opened at $59.80. The ETF has shown a twelve-month low of $59.54 and a high of $60.16 during this period. In terms of moving averages, FTSM holds a 50-day average price of $59.93 and a 200-day average price of $59.86.

Dividend Announcement

On December 3, 2024, the First Trust Enhanced Short Maturity ETF announced a dividend that will be distributed to shareholders. Stockholders who were on record as of Friday, November 29th, will receive a dividend of $0.23, with the ex-dividend date also set on November 29th.

Overview of First Trust Enhanced Short Maturity ETF

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that aims to follow the Bloomberg U.S. Short Treasury Bond index. This actively managed fund focuses on investing in a diverse range of fixed-income securities with a target maturity of less than three years. FTSM was introduced on August 5, 2014, and is managed by First Trust.

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Thrivent, ETFs, Investment