Envestnet Portfolio Solutions Inc. Has $1.43 Million Stake in First Trust Enhanced Short Maturity ETF $FTSM

Envestnet Portfolio Solutions Inc. decreased its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 11.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 23,863 shares of the company’s stock after selling 3,181 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,429,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTSM. GAMMA Investing LLC grew its holdings in First Trust Enhanced Short Maturity ETF by 5,883.3% in the 1st quarter. GAMMA Investing LLC now owns 3,949 shares of the company’s stock valued at $236,000 after buying an additional 3,883 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in First Trust Enhanced Short Maturity ETF by 12.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 436,040 shares of the company’s stock valued at $26,093,000 after buying an additional 46,969 shares during the last quarter. Clear Point Advisors Inc. grew its holdings in First Trust Enhanced Short Maturity ETF by 0.7% in the 1st quarter. Clear Point Advisors Inc. now owns 37,048 shares of the company’s stock valued at $2,210,000 after buying an additional 268 shares during the last quarter. Brady Family Wealth LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $317,000. Finally, L.M. Kohn & Company grew its holdings in First Trust Enhanced Short Maturity ETF by 2.0% in the 1st quarter. L.M. Kohn & Company now owns 23,267 shares of the company’s stock valued at $1,392,000 after buying an additional 459 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock opened at $60.07 on Friday. The stock has a 50 day moving average of $60.01 and a two-hundred day moving average of $59.95. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.69 and a 12 month high of $60.11.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 30th were given a $0.213 dividend. The ex-dividend date was Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

About First Trust Enhanced Short Maturity ETF

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.