Royal Bank of Canada Cuts Stock Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Royal Bank of Canada trimmed its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,929,539 shares of the company’s stock after selling 52,416 shares during the period. Royal Bank of Canada owned approximately 2.74% of First Trust Enhanced Short Maturity ETF worth $175,128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FTSM. Evolution Wealth Management Inc. grew 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 in the last quarter. Proactive Wealth Strategies LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 0.5% during the 4th quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock valued at $4,014,000 after buying an additional 318 shares in the last quarter. Principal Securities Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 1.1% during the 4th quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock valued at $1,885,000 after buying an additional 346 shares in the last quarter. Del Sette Capital Management LLC lifted its holdings in shares of 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 worth $256,000 after acquiring an additional 357 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of 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 worth $3,386,000 after acquiring an additional 371 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of NASDAQ:FTSM opened at $59.90 on Thursday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.72 and a 52-week high of $60.14. The firm has a fifty day moving average of $59.84 and a 200 day moving average of $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

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