First Trust Enhanced Short Maturity ETF $FTSM Stock Sold by IFP Advisors Inc

IFP Advisors Inc reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 18.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 334,919 shares of the company’s stock after selling 77,742 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Enhanced Short Maturity ETF were worth $19,931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTSM. Capital Analysts LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 175.3% during the 2nd quarter. Capital Analysts LLC now owns 603 shares of the company’s stock worth $36,000 after purchasing an additional 384 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at about $42,000. CoreCap Advisors LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock valued at $74,000 after purchasing an additional 178 shares in the last quarter. Mather Group LLC. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at about $106,000. Finally, Evolution Wealth Management Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.4% in the first quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock valued at $206,000 after purchasing an additional 209 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

FTSM stock opened at $59.67 on Friday. The business has a 50-day moving average of $59.72 and a 200-day moving average of $59.80. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.49 and a fifty-two week high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were given a $0.2050 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.46 dividend on an annualized basis and a yield of 4.1%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040.

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.