JPMorgan Chase & Co. Reduces Position in First Trust Enhanced Short Maturity ETF $FTSM

JPMorgan Chase & Co. decreased its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 20.5% in the third quarter, Holdings Channel reports. The fund owned 128,012 shares of the company’s stock after selling 33,027 shares during the period. JPMorgan Chase & Co.’s holdings in First Trust Enhanced Short Maturity ETF were worth $7,669,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at approximately $392,000. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Enhanced Short Maturity ETF by 5.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 183,347 shares of the company’s stock worth $10,977,000 after buying an additional 9,488 shares during the last quarter. Quadrature Capital Ltd acquired a new position in First Trust Enhanced Short Maturity ETF during the second quarter worth $721,000. Twin Peaks Wealth Advisors LLC grew its holdings in First Trust Enhanced Short Maturity ETF by 6.2% in the 2nd quarter. Twin Peaks Wealth Advisors LLC now owns 116,759 shares of the company’s stock valued at $7,001,000 after buying an additional 6,775 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in First Trust Enhanced Short Maturity ETF by 148,300.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after buying an additional 2,966 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.1%

Shares of FTSM opened at $59.94 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.73 and a 52-week high of $60.14. The stock has a fifty day simple moving average of $59.97 and a two-hundred day simple moving average of $60.00.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.