Manchester Financial Inc. Sells 9,687 Shares of First Trust Enhanced Short Maturity ETF $FTSM

Manchester Financial Inc. lowered its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 4.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 191,925 shares of the company’s stock after selling 9,687 shares during the period. First Trust Enhanced Short Maturity ETF accounts for 2.2% of Manchester Financial Inc.’s portfolio, making the stock its 15th largest position. Manchester Financial Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $11,473,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Simmons Bank bought a new position in First Trust Enhanced Short Maturity ETF in the first quarter valued at $235,000. SageGuard Financial Group LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the first quarter worth about $5,012,000. Continuum Advisory LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 55.2% during the first quarter. Continuum Advisory LLC now owns 33,295 shares of the company’s stock worth $1,990,000 after purchasing an additional 11,847 shares during the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 24.1% in the 1st quarter. Wesbanco Bank Inc. now owns 255,550 shares of the company’s stock worth $15,277,000 after purchasing an additional 49,660 shares in the last quarter. Finally, Dagco Inc. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 76.4% in the 1st quarter. Dagco Inc. now owns 20,578 shares of the company’s stock worth $1,230,000 after purchasing an additional 8,913 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Down 0.4%

Shares of First Trust Enhanced Short Maturity ETF stock opened at $59.73 on Wednesday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.73 and a 12 month high of $60.14. The business’s 50-day moving average price is $59.87 and its 200-day moving average price is $59.93.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th will be paid a $0.203 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date of this dividend is Tuesday, June 30th.

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.