TD Capital Management LLC Trims Stock Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

TD Capital Management LLC cut its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 157,026 shares of the company’s stock after selling 4,719 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for about 1.0% of TD Capital Management LLC’s holdings, making the stock its 26th biggest holding. TD Capital Management LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $9,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of FTSM. Marshall Investment Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $33,000. AdvisorNet Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $91,000. Centaurus Financial Inc. raised its position in First Trust Enhanced Short Maturity ETF by 26.4% during the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after purchasing an additional 527 shares during the last quarter. Global Trust Asset Management LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $159,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $177,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $60.01 on Friday. 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 has a fifty-two week low of $59.54 and a fifty-two week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.