First Trust Enhanced Short Maturity ETF $FTSM Stock Sold by Altium Investment Strategies LLC

Altium Investment Strategies LLC reduced its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 18.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,879 shares of the company’s stock after selling 50,910 shares during the period. First Trust Enhanced Short Maturity ETF accounts for approximately 14.9% of Altium Investment Strategies LLC’s investment portfolio, making the stock its 3rd biggest position. Altium Investment Strategies LLC owned approximately 0.19% of First Trust Enhanced Short Maturity ETF worth $13,053,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maia Wealth LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 13.3% during the 3rd quarter. Maia Wealth LLC now owns 32,142 shares of the company’s stock worth $1,913,000 after buying an additional 3,773 shares during the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.1% during the 3rd quarter. Ellsworth Advisors LLC now owns 245,440 shares of the company’s stock worth $14,606,000 after buying an additional 9,748 shares during the period. Iams Wealth Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at about $761,000. Blueline Advisors LLC grew its stake in First Trust Enhanced Short Maturity ETF by 49.0% in the 3rd quarter. Blueline Advisors LLC now owns 5,398 shares of the company’s stock valued at $321,000 after buying an additional 1,774 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 45.0% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock valued at $25,145,000 after acquiring an additional 131,083 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock opened at $59.66 on Tuesday. The firm has a 50 day moving average price of $59.72 and a two-hundred day moving average price of $59.80. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.49 and a 12-month high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were paid 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 an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. The ex-dividend date 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.