First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by Manchester Financial Inc.

Manchester Financial Inc. trimmed its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 7.5% during the third quarter, Holdings Channel.com reports. The fund owned 205,000 shares of the company’s stock after selling 16,657 shares during the period. First Trust Enhanced Short Maturity ETF accounts for 2.5% of Manchester Financial Inc.’s investment portfolio, making the stock its 14th largest holding. Manchester Financial Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $12,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of First Trust Enhanced Short Maturity ETF by 12.7% during the 1st quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock worth $157,833,000 after purchasing an additional 298,239 shares in the last quarter. Bank of America Corp DE grew its holdings in First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after buying an additional 110,033 shares during the last quarter. Csenge Advisory Group grew its holdings in First Trust Enhanced Short Maturity ETF by 32.3% during the 2nd quarter. Csenge Advisory Group now owns 1,566,530 shares of the company’s stock valued at $93,678,000 after buying an additional 382,650 shares during the last quarter. First Trust Advisors LP increased its position in First Trust Enhanced Short Maturity ETF by 22.2% during the second quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock worth $86,386,000 after buying an additional 261,933 shares in the last quarter. Finally, Concorde Asset Management LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,243.9% in the first quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock worth $69,717,000 after acquiring an additional 1,078,906 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM opened at $60.05 on Wednesday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.69 and a 52 week high of $60.14. The business’s fifty day simple moving average is $60.01 and its 200 day simple moving average is $59.99.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 28th were issued a $0.20 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, November 28th.

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.