Redwood Wealth Management Group LLC Sells 836 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Redwood Wealth Management Group LLC cut its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 13.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,362 shares of the company’s stock after selling 836 shares during the period. Redwood Wealth Management Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $321,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at $33,000. US Bancorp DE increased its holdings in First Trust Enhanced Short Maturity ETF by 298.0% in the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock valued at $70,000 after purchasing an additional 873 shares during the period. Armis Advisers LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $205,000. World Investment Advisors acquired a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $212,000. Finally, CacheTech Inc. acquired a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $213,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.1%

NASDAQ FTSM opened at $59.94 on Thursday. The business’s 50-day moving average price is $59.90 and its two-hundred day moving average price is $59.89. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.58 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 30th were paid a $0.2275 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21. This represents a $2.73 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Friday, May 30th.

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.