First Trust Enhanced Short Maturity ETF $FTSM Stock: Commonwealth Financial Services LLC Cuts Stake

Commonwealth Financial Services LLC cut its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 92.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 77,485 shares of the company’s stock after selling 1,010,659 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for 0.8% of Commonwealth Financial Services LLC’s portfolio, making the stock its 25th largest position. Commonwealth Financial Services LLC owned about 0.07% of First Trust Enhanced Short Maturity ETF worth $4,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTSM. Kirkwood Financial Services acquired a new position in First Trust Enhanced Short Maturity ETF during the second quarter valued at $26,070,000. Second Line Capital LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 1,588.1% in the second quarter. Second Line Capital LLC now owns 351,126 shares of the company’s stock worth $21,044,000 after purchasing an additional 330,326 shares during the period. Balboa Wealth Partners grew its position in First Trust Enhanced Short Maturity ETF by 564.2% in the 1st quarter. Balboa Wealth Partners now owns 304,852 shares of the company’s stock worth $18,224,000 after purchasing an additional 258,957 shares during the last quarter. Gateway Wealth Partners LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 134.7% during the first quarter. Gateway Wealth Partners LLC now owns 360,020 shares of the company’s stock valued at $21,522,000 after purchasing an additional 206,616 shares during the period. Finally, Fifth Third Bancorp bought a new stake in First Trust Enhanced Short Maturity ETF in the first quarter valued at about $8,787,000.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock traded down $0.01 during mid-day trading on Tuesday, hitting $59.66. 276,439 shares of the company were exchanged, compared to its average volume of 839,619. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.49 and a 1-year high of $60.91. The business has a fifty day moving average of $59.72 and a 200 day moving average of $59.80.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were given a $0.2050 dividend. The ex-dividend date was Wednesday, September 30th. 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 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.