First Trust Enhanced Short Maturity ETF $FTSM Stock: Triumph Capital Management Decreases Stake

Triumph Capital Management trimmed its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 15.8% in the 3rd quarter, Holdings Channel reports. The firm owned 114,075 shares of the company’s stock after selling 21,447 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for 1.2% of Triumph Capital Management’s holdings, making the stock its 11th biggest holding. Triumph Capital Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $6,789,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FTSM. CoreCap Advisors LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares during the last quarter. Evolution Wealth Management Inc. increased its stake in First Trust Enhanced Short Maturity ETF by 6.4% in the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after buying an additional 209 shares during the period. Midwest Financial Network LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 2.0% during the 3rd quarter. Midwest Financial Network LLC now owns 10,879 shares of the company’s stock valued at $647,000 after buying an additional 216 shares in the last quarter. Del Sette Capital Management LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 9.1% during the 1st quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock valued at $256,000 after buying an additional 357 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in First Trust Enhanced Short Maturity ETF by 0.7% during the 1st quarter. Citizens Financial Group Inc. RI now owns 56,439 shares of the company’s stock valued at $3,386,000 after buying an additional 371 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

First Trust Enhanced Short Maturity ETF stock traded up $0.01 during trading hours on Wednesday, hitting $59.64. The company had a trading volume of 739,096 shares, compared to its average volume of 845,999. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.49 and a 1 year high of $60.91. The company has a 50-day moving average price of $59.73 and a two-hundred day moving average price of $59.81.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were given a dividend of $0.2050 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. The ex-dividend date of this dividend was Wednesday, September 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.