TKG Advisors LLC Has $2.90 Million Stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

TKG Advisors LLC decreased its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,312 shares of the company’s stock after selling 6,169 shares during the quarter. First Trust Enhanced Short Maturity ETF makes up approximately 1.3% of TKG Advisors LLC’s holdings, making the stock its 24th largest holding. TKG Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,896,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FTSM. AdvisorNet Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $91,000. Centaurus Financial Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 26.4% during the third quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after purchasing an additional 527 shares during the period. Global Trust Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $159,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $177,000. Finally, Legacy Capital Wealth Partners LLC bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth about $200,000.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.90 on Wednesday. The business has a 50-day moving average of $59.86 and a 200-day moving average of $59.91. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.54 and a 1 year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were paid a $0.226 dividend. This represents a $2.71 annualized dividend and a yield of 4.53%. The ex-dividend date was Friday, January 31st.

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.