Dynamic Advisor Solutions LLC Decreases Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Dynamic Advisor Solutions LLC reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,267 shares of the company’s stock after selling 297 shares during the period. Dynamic Advisor Solutions LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $554,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Tsfg LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the third quarter worth about $36,000. UMB Bank n.a. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $84,000. Trust Co. of Vermont bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $84,000. AdvisorNet Financial Inc purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $91,000. Finally, Centaurus Financial Inc. bought a new position in First Trust Enhanced Short Maturity ETF during the second quarter valued at $119,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.98 on Tuesday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.54 and a 1 year high of $60.16. The stock’s fifty day moving average price is $59.88 and its two-hundred day moving average price is $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a $0.233 dividend. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Friday, December 27th.

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.