Envestnet Asset Management Inc. Sells 18,583 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Envestnet Asset Management Inc. decreased its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,954 shares of the company’s stock after selling 18,583 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.83% of First Trust Enhanced Short Maturity ETF worth $51,400,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FTSM. McGuire Investment Group LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 10.2% during the third quarter. McGuire Investment Group LLC now owns 135,088 shares of the company’s stock valued at $8,093,000 after acquiring an additional 12,466 shares in the last quarter. Synergy Asset Management LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 184.2% during the third quarter. Synergy Asset Management LLC now owns 150,827 shares of the company’s stock worth $9,032,000 after purchasing an additional 97,749 shares in the last quarter. Csenge Advisory Group lifted its stake in First Trust Enhanced Short Maturity ETF by 18.8% in the 3rd quarter. Csenge Advisory Group now owns 1,861,233 shares of the company’s stock worth $111,506,000 after purchasing an additional 294,703 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 51.4% during the 2nd quarter. Mutual Advisors LLC now owns 124,908 shares of the company’s stock valued at $7,497,000 after acquiring an additional 42,424 shares during the last quarter. Finally, Balboa Wealth Partners lifted its holdings in First Trust Enhanced Short Maturity ETF by 28.6% in the second quarter. Balboa Wealth Partners now owns 4,866 shares of the company’s stock valued at $291,000 after acquiring an additional 1,083 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.99 on Tuesday. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.73 and a 1-year high of $60.14. The firm has a 50-day simple moving average of $59.99 and a two-hundred day simple moving average of $60.00.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Investors of record on Friday, January 30th were issued a $0.205 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20. The ex-dividend date was Friday, January 30th.

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.