LPL Financial LLC Has $533.37 Million Stake in First Trust Enhanced Short Maturity ETF $FTSM

LPL Financial LLC lowered its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,899,825 shares of the company’s stock after selling 474,726 shares during the period. LPL Financial LLC owned approximately 8.52% of First Trust Enhanced Short Maturity ETF worth $533,366,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in First Trust Enhanced Short Maturity ETF by 12.9% during the 4th quarter. JPMorgan Chase & Co. now owns 144,481 shares of the company’s stock valued at $8,659,000 after purchasing an additional 16,469 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $15,607,000. J.W. Cole Advisors Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 6.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 72,664 shares of the company’s stock valued at $4,295,000 after purchasing an additional 4,386 shares during the last quarter. Continuum Advisory LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 39.0% during the 4th quarter. Continuum Advisory LLC now owns 21,448 shares of the company’s stock valued at $1,285,000 after purchasing an additional 6,014 shares during the last quarter. Finally, WCG Wealth Advisors LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 103.2% during the 4th quarter. WCG Wealth Advisors LLC now owns 58,156 shares of the company’s stock valued at $3,485,000 after purchasing an additional 29,537 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

FTSM stock opened at $59.81 on Tuesday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.74 and a 52-week high of $60.14. The business has a 50-day simple moving average of $59.87 and a two-hundred day simple moving average of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th were paid a $0.205 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, May 29th.

First Trust Enhanced Short Maturity ETF Company 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.