First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by Tucker Asset Management LLC

Tucker Asset Management LLC decreased its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 41.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 591,007 shares of the company’s stock after selling 422,978 shares during the period. First Trust Enhanced Short Maturity ETF makes up 8.7% of Tucker Asset Management LLC’s holdings, making the stock its 3rd largest holding. Tucker Asset Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $35,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its position in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after buying an additional 423 shares in the last quarter. Anchor Investment Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at about $42,000. Blair William & Co. IL raised its position in First Trust Enhanced Short Maturity ETF by 195.9% during the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock worth $44,000 after acquiring an additional 482 shares during the last quarter. Kelleher Financial Advisors acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth about $55,000. Finally, CIBC Private Wealth Group LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth about $67,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock opened at $59.72 on Monday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.67 and a 1 year high of $60.91. The stock’s 50 day moving average price is $59.81 and its 200 day moving average price is $59.86.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 31st were issued a $0.204 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 31st.

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.