Financial Enhancement Group LLC Lowers Stake in First Trust Enhanced Short Maturity ETF $FTSM

Financial Enhancement Group LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.8% during the first quarter, HoldingsChannel reports. The firm owned 263,339 shares of the company’s stock after selling 35,280 shares during the period. First Trust Enhanced Short Maturity ETF accounts for about 1.9% of Financial Enhancement Group LLC’s holdings, making the stock its 14th largest position. Financial Enhancement Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $15,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in First Trust Enhanced Short Maturity ETF by 148,300.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after buying an additional 2,966 shares during the period. Darwin Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 2nd quarter worth about $905,000. Jane Street Group LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the second quarter worth approximately $3,843,000. Bank of America Corp DE increased its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% during the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after acquiring an additional 110,033 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of First Trust Enhanced Short Maturity ETF by 6.8% during the second quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock valued at $2,612,000 after acquiring an additional 2,780 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of NASDAQ FTSM opened at $59.89 on Thursday. The stock has a 50 day moving average price of $59.87 and a 200 day moving average price of $59.93. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.74 and a 52-week high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 29th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

First Trust Enhanced Short Maturity ETF Profile

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.