First Trust Enhanced Short Maturity ETF $FTSM Position Reduced by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lessened its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 320,988 shares of the company’s stock after selling 13,163 shares during the period. First Trust Enhanced Short Maturity ETF accounts for about 2.8% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 9th largest position. Summit Financial Wealth Advisors LLC owned 0.31% of First Trust Enhanced Short Maturity ETF worth $19,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in FTSM. Newbridge Financial Services Group Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after buying an additional 423 shares during the period. CX Institutional purchased a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $35,000. Blue Trust Inc. purchased a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth about $46,000. SouthState Bank Corp purchased a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $48,000. Finally, Kelleher Financial Advisors purchased a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $55,000.

First Trust Enhanced Short Maturity ETF Price Performance

NASDAQ FTSM opened at $59.94 on Tuesday. The company’s 50-day simple moving average is $59.92 and its two-hundred day simple moving average is $59.98. First Trust Enhanced Short Maturity ETF has a one year low of $59.74 and a one year high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 31st were given a dividend of $0.208 per share. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

About First Trust Enhanced Short Maturity ETF

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.