Gladstone Institutional Advisory LLC Sells 1,481 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gladstone Institutional Advisory LLC decreased its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,868 shares of the company’s stock after selling 1,481 shares during the period. Gladstone Institutional Advisory LLC owned approximately 0.15% of First Trust Enhanced Short Maturity ETF worth $9,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FTSM. LPL Financial LLC boosted its position in First Trust Enhanced Short Maturity ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 8,568,887 shares of the company’s stock valued at $510,706,000 after acquiring an additional 530,475 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Enhanced Short Maturity ETF by 453.9% during the first quarter. Cetera Investment Advisers now owns 1,612,862 shares of the company’s stock valued at $96,159,000 after purchasing an additional 1,321,695 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in First Trust Enhanced Short Maturity ETF by 4.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,388,183 shares of the company’s stock worth $82,736,000 after purchasing an additional 56,415 shares during the period. Raymond James & Associates grew its stake in First Trust Enhanced Short Maturity ETF by 20.1% in the second quarter. Raymond James & Associates now owns 1,147,010 shares of the company’s stock worth $68,362,000 after purchasing an additional 192,229 shares during the period. Finally, Csenge Advisory Group raised its holdings in First Trust Enhanced Short Maturity ETF by 5.2% in the second quarter. Csenge Advisory Group now owns 1,107,874 shares of the company’s stock worth $66,029,000 after purchasing an additional 54,665 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM stock traded up $0.03 during mid-day trading on Friday, reaching $59.82. 184,360 shares of the company’s stock traded hands, compared to its average volume of 828,350. The company’s 50-day moving average price is $59.97 and its 200-day moving average price is $59.83. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.47 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 4th. Investors of record on Thursday, October 31st will be paid a dividend of $0.241 per share. The ex-dividend date of this dividend is Thursday, October 31st.

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.