Oppenheimer & Co. Inc. Sells 5,250 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Oppenheimer & Co. Inc. lowered its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 3.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 157,381 shares of the company’s stock after selling 5,250 shares during the period. Oppenheimer & Co. Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $9,407,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FTSM. Marshall Investment Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter worth $33,000. AdvisorNet Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth $91,000. Centaurus Financial Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 26.4% in the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after purchasing an additional 527 shares during the period. Global Trust Asset Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $159,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $177,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $60.01 on Friday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16. The business’s 50 day moving average price is $59.88 and its two-hundred day moving average price is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st were issued a $0.226 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Friday, January 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.