Townsquare Capital LLC Decreases Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Townsquare Capital LLC lowered its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,307 shares of the company’s stock after selling 25,929 shares during the quarter. Townsquare Capital LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $14,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Portfolio Solutions LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 61.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,390 shares of the company’s stock worth $442,000 after purchasing an additional 2,821 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 8.6% in the third quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock worth $255,000 after acquiring an additional 339 shares during the last quarter. Synovus Financial Corp lifted its position in shares of First Trust Enhanced Short Maturity ETF by 18.8% in the third quarter. Synovus Financial Corp now owns 72,748 shares of the company’s stock valued at $4,355,000 after acquiring an additional 11,522 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% during the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock valued at $13,132,000 after acquiring an additional 206,449 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $3,116,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.84 on Friday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.54 and a twelve month high of $60.16. The firm has a 50-day moving average price of $59.90 and a 200 day moving average price of $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 31st were paid a dividend of $0.222 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 Monday, March 31st.

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.