SeaCrest Wealth Management LLC Cuts Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

SeaCrest Wealth Management LLC cut its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,355 shares of the company’s stock after selling 1,003 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter worth $154,932,000. LPL Financial LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock valued at $529,520,000 after acquiring an additional 490,772 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $27,777,000. Truist Financial Corp raised its holdings in First Trust Enhanced Short Maturity ETF by 67.9% during the fourth quarter. Truist Financial Corp now owns 517,372 shares of the company’s stock worth $30,923,000 after purchasing an additional 209,257 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the first quarter valued at about $11,054,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $59.83 on Friday. The company has a 50-day moving average price of $59.89 and a 200 day moving average price of $59.89. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.58 and a 52 week high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 30th were issued a $0.2275 dividend. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21. This represents a $2.73 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Friday, May 30th.

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.