First Trust Enhanced Short Maturity ETF $FTSM Shares Sold by IFP Advisors Inc

IFP Advisors Inc decreased its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 412,661 shares of the company’s stock after selling 22,873 shares during the period. IFP Advisors Inc owned about 0.38% of First Trust Enhanced Short Maturity ETF worth $24,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 16.9% during the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after acquiring 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% during the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock valued at $206,000 after buying an additional 209 shares during the period. 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 worth $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 worth $1,885,000 after buying an additional 346 shares in the last quarter. Finally, Del Sette Capital Management LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 9.1% in 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 period.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.72 on Wednesday. The firm has a 50 day simple moving average of $59.81 and a 200-day simple moving average of $59.86. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.67 and a 12-month high of $60.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 31st were paid a dividend of $0.204 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 31st.

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.