Janney Montgomery Scott LLC Sells 217,876 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Janney Montgomery Scott LLC decreased its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 35.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 398,654 shares of the company’s stock after selling 217,876 shares during the quarter. Janney Montgomery Scott LLC owned about 0.37% of First Trust Enhanced Short Maturity ETF worth $23,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of FTSM. Northwestern Mutual Wealth Management Co. boosted 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 worth $226,830,000 after acquiring an additional 3,600,586 shares in the last quarter. BDFS Capital LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $63,291,000. Wells Fargo & Company MN raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after purchasing an additional 876,866 shares during the period. GDS Wealth Management raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 105.2% during the fourth quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock valued at $51,485,000 after purchasing an additional 440,329 shares during the period. Finally, Kaydan Wealth Management Inc. boosted its position in shares of First Trust Enhanced Short Maturity ETF by 651.8% during the 4th quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock worth $24,900,000 after purchasing an additional 360,223 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.94 on Tuesday. The stock has a 50-day moving average of $59.87 and a 200-day moving average of $59.93. First Trust Enhanced Short Maturity ETF has a one year low of $59.74 and a one year high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 29th were issued a $0.205 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a 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.