Royal Bank of Canada Decreases Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Royal Bank of Canada trimmed its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.8% in the first quarter, HoldingsChannel reports. The fund owned 2,929,539 shares of the company’s stock after selling 52,416 shares during the period. Royal Bank of Canada’s holdings in First Trust Enhanced Short Maturity ETF were worth $175,128,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 148,300.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $178,000 after purchasing an additional 2,966 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the second quarter worth about $905,000. Jane Street Group LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the second quarter worth about $3,843,000. Bank of America Corp DE lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after acquiring an additional 110,033 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 6.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock valued at $2,612,000 after acquiring an additional 2,780 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.90 on Thursday. The business has a 50-day moving average of $59.84 and a 200 day moving average of $59.90. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.72 and a 1-year high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were issued a $0.203 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date was Tuesday, June 30th.

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.