NewEdge Advisors LLC Has $17.78 Million Stock Position in First Trust Enhanced Short Maturity ETF $FTSM

NewEdge Advisors LLC lowered its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 14.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 297,430 shares of the company’s stock after selling 49,478 shares during the quarter. NewEdge Advisors LLC owned about 0.28% of First Trust Enhanced Short Maturity ETF worth $17,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 423 shares in the last quarter. Anchor Investment Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $42,000. Blair William & Co. IL lifted its position in First Trust Enhanced Short Maturity ETF by 195.9% in the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after acquiring an additional 482 shares in the last quarter. Blue Trust Inc. acquired a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth $46,000. Finally, Kelleher Financial Advisors acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $55,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

FTSM stock opened at $59.90 on Thursday. The stock has a 50-day moving average price of $59.84 and a two-hundred day moving average price 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 disclosed a dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were given a dividend of $0.203 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Tuesday, June 30th.

First Trust Enhanced Short Maturity ETF 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.