Manchester Financial Inc. Cuts Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Manchester Financial Inc. reduced its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,000 shares of the company’s stock after selling 16,657 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises 2.5% of Manchester Financial Inc.’s investment portfolio, making the stock its 14th biggest holding. Manchester Financial Inc. owned 0.20% of First Trust Enhanced Short Maturity ETF worth $12,282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FTSM. Weitzel Financial Services Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 1.6% in the third quarter. Weitzel Financial Services Inc. now owns 21,230 shares of the company’s stock valued at $1,274,000 after acquiring an additional 337 shares during the period. Paladin Wealth LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 23.3% during the 3rd quarter. Paladin Wealth LLC now owns 21,819 shares of the company’s stock worth $1,307,000 after purchasing an additional 4,124 shares during the period. Signal Advisors Wealth LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 48.7% in the 3rd quarter. Signal Advisors Wealth LLC now owns 10,353 shares of the company’s stock valued at $620,000 after purchasing an additional 3,389 shares in the last quarter. Financial Enhancement Group LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 239.9% in the third quarter. Financial Enhancement Group LLC now owns 190,612 shares of the company’s stock valued at $11,431,000 after purchasing an additional 134,532 shares during the period. Finally, Shelton Wealth Management LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 3.1% during the third quarter. Shelton Wealth Management LLC now owns 214,901 shares of the company’s stock worth $12,875,000 after buying an additional 6,521 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $60.05 on Wednesday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.69 and a 12-month high of $60.14. The company has a 50-day moving average of $60.01 and a two-hundred day moving average of $59.99.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 28th were paid a $0.20 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, November 28th.

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.