TAP Consulting LLC Reduces Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

TAP Consulting LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 52.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,328 shares of the company’s stock after selling 13,429 shares during the quarter. TAP Consulting LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its holdings in First Trust Enhanced Short Maturity ETF by 84.6% in the third quarter. Thrivent Financial for Lutherans now owns 17,643 shares of the company’s stock worth $1,056,000 after buying an additional 8,083 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at approximately $1,189,000. Great Valley Advisor Group Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at approximately $4,593,000. Kingsview Wealth Management LLC grew its stake in First Trust Enhanced Short Maturity ETF by 56.7% in the third quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock worth $30,258,000 after purchasing an additional 182,844 shares during the period. Finally, KKM Financial LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 64.3% in the third quarter. KKM Financial LLC now owns 18,960 shares of the company’s stock worth $1,135,000 after purchasing an additional 7,419 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.96 on Thursday. The company’s fifty day moving average price is $59.89 and its 200-day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 28th were issued a $0.203 dividend. The ex-dividend date was Friday, February 28th.

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.