Thrivent Financial for Lutherans Expands Investment in First Trust Enhanced Short Maturity ETF

On December 3, 2024, it was reported that Thrivent Financial for Lutherans significantly increased its investment in the First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 84.6% during the third quarter of the year. Following this increase, the fund now holds a total of 17,643 shares of FTSM, after acquiring an additional 8,083 shares in this period. The current value of Thrivent Financial for Lutherans' holdings in the ETF stands at $1,056,000 according to their latest filing with the Securities and Exchange Commission.

In addition to Thrivent Financial, several other hedge funds have also made moves regarding FTSM. For instance, Abich Financial Wealth Management LLC initiated a position in the ETF valued at around $34,000 during the second quarter. Similarly, Tsfg LLC entered a new position in the third quarter worth approximately $36,000. Another firm, Hilltop National Bank, made a new investment in FTSM valued at $76,000 during the second quarter. Notably, PSI Advisors LLC increased their stake in the ETF by an impressive 1,893.9% during the second quarter, bringing their total to 1,316 shares, now valued at $78,000. Furthermore, UMB Bank n.a. acquired a new stake in FTSM in the third quarter, worth about $84,000.

Performance of First Trust Enhanced Short Maturity ETF

As of the latest trading session, shares of the First Trust Enhanced Short Maturity ETF opened at $59.80. In the past year, the ETF has experienced a low of $59.54 and a high of $60.16. The fund's 50-day moving average is currently $59.93, while its 200-day moving average is $59.86.

Dividend Announcement from First Trust Enhanced Short Maturity ETF

The firm recently announced a dividend that is scheduled to be distributed on December 3rd. Shareholders who were on record as of November 29th will receive a dividend of $0.23, with the ex-dividend date also set for November 29th.

Overview of First Trust Enhanced Short Maturity ETF

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund designed to track the Bloomberg U.S. Short Treasury Bond Index. It is actively managed and primarily invests in a variety of fixed-income securities that are set to mature in less than three years. This ETF was launched on August 5, 2014, and is managed by First Trust.

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For those looking to track the latest activities of hedge funds holding FTSM, visit reliable financial news sources for continuous updates on 13F filings and insider trading information.

Thrivent, Investment, ETFs