First Trust Enhanced Short Maturity ETF $FTSM Stock Sold by Kaydan Wealth Management Inc.

Kaydan Wealth Management Inc. lowered its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 32.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 280,383 shares of the company’s stock after selling 132,004 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for about 5.8% of Kaydan Wealth Management Inc.’s portfolio, making the stock its 6th largest position. Kaydan Wealth Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $16,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BDFS Capital LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $63,291,000. Envestnet Asset Management Inc. boosted its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 865,066 shares of the company’s stock worth $51,670,000 after acquiring an additional 37,830 shares in the last quarter. Gradient Investments LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 10.7% during the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock worth $43,840,000 after acquiring an additional 71,051 shares in the last quarter. &PARTNERS increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 60.2% in the 4th quarter. &PARTNERS now owns 587,006 shares of the company’s stock valued at $35,147,000 after acquiring an additional 220,685 shares during the last quarter. Finally, Kirkwood Financial Services purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at about $26,070,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ FTSM traded up $0.03 during midday trading on Thursday, hitting $59.60. 345,704 shares of the company’s stock were exchanged, compared to its average volume of 843,990. The firm’s fifty day simple moving average is $59.74 and its 200-day simple moving average is $59.82. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.49 and a twelve month high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

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.