Advisory Alpha LLC Decreases Stock Position in First Trust Enhanced Short Maturity ETF $FTSM

Advisory Alpha LLC decreased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 45.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 61,124 shares of the company’s stock after selling 50,123 shares during the period. Advisory Alpha LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $3,664,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Csenge Advisory Group raised its position in shares of First Trust Enhanced Short Maturity ETF by 32.3% in the 2nd quarter. Csenge Advisory Group now owns 1,566,530 shares of the company’s stock valued at $93,678,000 after purchasing an additional 382,650 shares during the last quarter. Summit Financial Wealth Advisors LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $20,026,000. First Trust Advisors LP increased its stake in First Trust Enhanced Short Maturity ETF by 22.2% during the 2nd quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock valued at $86,386,000 after purchasing an additional 261,933 shares in the last quarter. Titleist Asset Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $12,745,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 108.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 393,876 shares of the company’s stock worth $23,581,000 after buying an additional 204,583 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ:FTSM opened at $59.91 on Thursday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.73 and a 12 month high of $60.14. The firm has a fifty day simple moving average of $60.00 and a 200-day simple moving average of $60.01.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were given a dividend of $0.191 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.