Family Capital Management Inc. Sells 19,803 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Family Capital Management Inc. lowered its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 33.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,935 shares of the company’s stock after selling 19,803 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises 0.9% of Family Capital Management Inc.’s portfolio, making the stock its 26th largest position. Family Capital Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $2,317,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FTSM. Capital Analysts LLC lifted its position in First Trust Enhanced Short Maturity ETF by 175.3% during the 2nd quarter. Capital Analysts LLC now owns 603 shares of the company’s stock worth $36,000 after acquiring an additional 384 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $42,000. CoreCap Advisors LLC grew its position in First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock valued at $74,000 after acquiring an additional 178 shares in the last quarter. NBT Bank N.A. acquired a new stake in First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $75,000. Finally, Mather Group LLC. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $106,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM opened at $59.66 on Monday. The firm’s 50 day moving average is $59.67 and its 200-day moving average is $59.83. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.49 and a 52-week high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 3rd. Investors of record on Friday, October 30th were issued a dividend of $0.2140 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, October 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050.

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.