First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 52.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,611 shares of the company’s stock after selling 395,379 shares during the quarter. First Trust Enhanced Short Maturity ETF comprises 0.6% of IFP Advisors Inc’s portfolio, making the stock its 28th largest holding. IFP Advisors Inc owned about 0.35% of First Trust Enhanced Short Maturity ETF worth $21,664,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FTSM. 360 Financial Inc. increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.7% during the third quarter. 360 Financial Inc. now owns 28,589 shares of the company’s stock valued at $1,713,000 after purchasing an additional 190 shares during the period. Rathbones Group PLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 2.4% in the third quarter. Rathbones Group PLC now owns 8,438 shares of the company’s stock worth $506,000 after purchasing an additional 200 shares during the period. Global Retirement Partners LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 3.1% in the third quarter. Global Retirement Partners LLC now owns 6,754 shares of the company’s stock worth $405,000 after purchasing an additional 202 shares during the period. Brookstone Capital Management grew its position in First Trust Enhanced Short Maturity ETF by 5.6% in the 3rd quarter. Brookstone Capital Management now owns 4,602 shares of the company’s stock valued at $276,000 after buying an additional 244 shares in the last quarter. Finally, Madden Advisory Services Inc. grew its position in First Trust Enhanced Short Maturity ETF by 2.9% in the 3rd quarter. Madden Advisory Services Inc. now owns 11,809 shares of the company’s stock valued at $707,000 after buying an additional 332 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.89 on Thursday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.73 and a 52 week high of $60.14. The company’s 50-day moving average price is $59.99 and its two-hundred day moving average price is $60.00.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 27th were issued a $0.191 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend 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.