First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stake Reduced by Virtus Wealth Solutions LLC

Virtus Wealth Solutions LLC decreased its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 145,336 shares of the company’s stock after selling 2,431 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises approximately 2.6% of Virtus Wealth Solutions LLC’s portfolio, making the stock its 10th largest position. Virtus Wealth Solutions LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $8,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FTSM. PKS Advisory Services LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth $363,000. US Bancorp DE raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 298.0% during the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock valued at $70,000 after buying an additional 873 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 5.3% in the fourth quarter. Ausdal Financial Partners Inc. now owns 71,463 shares of the company’s stock worth $4,271,000 after purchasing an additional 3,565 shares in the last quarter. SageOak Financial LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $868,000. Finally, Assetmark Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 71.5% during the 4th quarter. Assetmark Inc. now owns 25,210 shares of the company’s stock valued at $1,507,000 after purchasing an additional 10,508 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock opened at $60.01 on Thursday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.58 and a 1 year high of $60.16. The firm’s 50 day moving average price is $59.91 and its two-hundred day moving average price is $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Friday, May 30th were issued a $0.2275 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.21. The ex-dividend date was Friday, May 30th. This represents a $2.73 dividend on an annualized basis and a dividend yield of 4.55%.

First Trust Enhanced Short Maturity ETF Company 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.