Lodestar Private Asset Management LLC Trims Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Lodestar Private Asset Management LLC lowered its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,926 shares of the company’s stock after selling 218 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $84,000. Brendel Financial Advisors LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 10.3% in the third quarter. Brendel Financial Advisors LLC now owns 5,710 shares of the company’s stock valued at $342,000 after acquiring an additional 531 shares during the last quarter. JPMorgan Chase & Co. grew its position in First Trust Enhanced Short Maturity ETF by 1,602.2% in the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after acquiring an additional 206,449 shares during the period. Towerpoint Wealth LLC increased its stake in First Trust Enhanced Short Maturity ETF by 0.4% during the third quarter. Towerpoint Wealth LLC now owns 75,492 shares of the company’s stock worth $4,520,000 after acquiring an additional 329 shares during the last quarter. Finally, Lion Street Advisors LLC increased its stake in First Trust Enhanced Short Maturity ETF by 28.9% during the third quarter. Lion Street Advisors LLC now owns 30,263 shares of the company’s stock worth $1,812,000 after acquiring an additional 6,787 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.82 on Friday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.54 and a 52 week high of $60.16. The business’s fifty day simple moving average is $59.86 and its 200-day simple moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were given a $0.226 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 dividend on an annualized basis and a yield of 4.53%.

First Trust Enhanced Short Maturity ETF Company 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.