Triumph Capital Management Sells 16,802 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Triumph Capital Management lowered its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,522 shares of the company’s stock after selling 16,802 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises approximately 1.4% of Triumph Capital Management’s investment portfolio, making the stock its 11th biggest position. Triumph Capital Management owned about 0.12% of First Trust Enhanced Short Maturity ETF worth $8,095,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 423 shares during the period. Anchor Investment Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth $42,000. Blair William & Co. IL raised its stake in First Trust Enhanced Short Maturity ETF by 195.9% in the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after purchasing an additional 482 shares in the last quarter. Kelleher Financial Advisors acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $55,000. Finally, CIBC Private Wealth Group LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth about $67,000.

First Trust Enhanced Short Maturity ETF Trading Down 0.4%

NASDAQ FTSM opened at $59.68 on Tuesday. The firm’s 50 day simple moving average is $59.83 and its 200 day simple moving average is $59.87. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.67 and a 1 year high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 31st will be issued a $0.204 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, August 31st.

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.