First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by Clear Point Advisors Inc.

Clear Point Advisors Inc. trimmed its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 31.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,782 shares of the company’s stock after selling 11,783 shares during the period. First Trust Enhanced Short Maturity ETF comprises about 1.2% of Clear Point Advisors Inc.’s holdings, making the stock its 18th biggest position. Clear Point Advisors Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 423 shares during the period. Blue Trust Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $46,000. SouthState Bank Corp acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $48,000. Kelleher Financial Advisors acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $55,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $67,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.78 on Monday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.74 and a 1 year high of $60.14. The business has a 50 day moving average price of $59.88 and a 200 day moving average price of $59.95.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 29th will be given a dividend of $0.205 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, May 29th.

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.