First Trust Enhanced Short Maturity ETF $FTSM Stock Position Trimmed by Financial Enhancement Group LLC

Financial Enhancement Group LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 16.5% in the third quarter, Holdings Channel reports. The institutional investor owned 258,930 shares of the company’s stock after selling 51,135 shares during the period. First Trust Enhanced Short Maturity ETF makes up about 1.8% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 18th biggest holding. Financial Enhancement Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $15,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CoreCap Advisors LLC increased its position in First Trust Enhanced Short Maturity ETF by 16.9% during the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock valued at $74,000 after acquiring an additional 178 shares during the last quarter. Evolution Wealth Management Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.4% in the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after acquiring an additional 209 shares during the last quarter. Del Sette Capital Management LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 9.1% in the 1st quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock worth $256,000 after acquiring an additional 357 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.7% in the 1st quarter. Citizens Financial Group Inc. RI now owns 56,439 shares of the company’s stock worth $3,386,000 after acquiring an additional 371 shares during the last quarter. Finally, Capital Analysts LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 175.3% during the 2nd quarter. Capital Analysts LLC now owns 603 shares of the company’s stock worth $36,000 after purchasing an additional 384 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ:FTSM traded up $0.03 during mid-day trading on Thursday, hitting $59.61. 1,282,179 shares of the stock traded hands, compared to its average volume of 849,013. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.49 and a 52 week high of $60.91. The firm’s 50 day moving average is $59.74 and its two-hundred day moving average is $59.82.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.2050 per share. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, September 30th.

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.