First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by IFP Advisors Inc

IFP Advisors Inc decreased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 412,661 shares of the company’s stock after selling 22,873 shares during the period. IFP Advisors Inc’s holdings in First Trust Enhanced Short Maturity ETF were worth $24,648,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Enhanced Short Maturity ETF by 1,953.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after purchasing an additional 3,600,586 shares during the last quarter. BDFS Capital LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $63,291,000. Wells Fargo & Company MN increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after buying an additional 876,866 shares in the last quarter. Kirkwood Financial Services bought a new position in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at $26,070,000. Finally, Second Line Capital LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,588.1% in the second quarter. Second Line Capital LLC now owns 351,126 shares of the company’s stock valued at $21,044,000 after buying an additional 330,326 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $59.72 on Wednesday. The stock has a fifty day moving average of $59.81 and a 200-day moving average of $59.86. First Trust Enhanced Short Maturity ETF has a one year low of $59.67 and a one year high of $60.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.