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

In the third quarter of 2024, Thrivent Financial for Lutherans significantly increased its investment in the First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 84.6%. According to a report by HoldingsChannel, the organization now owns a total of 17,643 shares after acquiring an additional 8,083 shares within this period. The value of Thrivent Financial for Lutherans’ holdings in the ETF stood at approximately $1,056,000, as detailed in their latest filing with the Securities and Exchange Commission.

Many other hedge funds have also shown interest in FTSM. For instance, Abich Financial Wealth Management LLC initiated a new position in the ETF in the second quarter, investing about $34,000. Similarly, Tsfg LLC entered the market with a new stake valued at around $36,000 in the third quarter, while Hilltop National Bank acquired shares worth $76,000 in the second quarter. In a notable move, PSI Advisors LLC boosted its holdings in FTSM by an impressive 1,893.9% during the second quarter, now possessing 1,316 shares valued at $78,000 after buying an additional 1,250 shares. Lastly, UMB Bank n.a. made its debut investment in FTSM during the third quarter, amounting to roughly $84,000.

Performance of First Trust Enhanced Short Maturity ETF

As of Tuesday, shares of the First Trust Enhanced Short Maturity ETF opened at $59.80. The ETF has experienced a twelve-month low of $59.54 and a high of $60.16. Its 50-day moving average is $59.93, while the 200-day moving average stands at $59.86.

Dividend Announcement from First Trust Enhanced Short Maturity ETF

Recently, the firm announced a dividend that is scheduled to be paid on Tuesday, December 3rd. Stockholders who were on record as of Friday, November 29th, will receive a dividend of $0.23. The ex-dividend date was also set for Friday, November 29th.

Overview of First Trust Enhanced Short Maturity ETF

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

Thrivent, Investment, ETF