Archer Investment Corp Sells 1,259 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Archer Investment Corp lessened its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,954 shares of the company’s stock after selling 1,259 shares during the quarter. Archer Investment Corp’s holdings in First Trust Enhanced Short Maturity ETF were worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth $60,000. Legacy Capital Wealth Partners LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the first quarter worth $200,000. Armis Advisers LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth $205,000. World Investment Advisors acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth $212,000. Finally, CacheTech Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth $213,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM traded up $0.03 during mid-day trading on Friday, reaching $59.98. 107,274 shares of the company’s stock were exchanged, compared to its average volume of 866,409. The business’s fifty day moving average price is $59.91 and its 200-day moving average price is $59.90. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.69 and a twelve month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, June 30th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 4.30%.

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.