Financial Enhancement Group LLC Sells 51,367 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Financial Enhancement Group LLC trimmed its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,491 shares of the company’s stock after selling 51,367 shares during the period. First Trust Enhanced Short Maturity ETF accounts for approximately 2.0% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 13th biggest position. Financial Enhancement Group LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $13,185,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTSM. GDS Wealth Management lifted its position in shares of First Trust Enhanced Short Maturity ETF by 204.9% in the third quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock valued at $88,131,000 after buying an additional 989,192 shares during the last quarter. Stifel Financial Corp raised its stake in First Trust Enhanced Short Maturity ETF by 11.3% in the 3rd quarter. Stifel Financial Corp now owns 837,811 shares of the company’s stock valued at $50,159,000 after acquiring an additional 84,918 shares during the period. Envestnet Asset Management Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 10.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 800,798 shares of the company’s stock valued at $47,728,000 after purchasing an additional 74,877 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in First Trust Enhanced Short Maturity ETF by 56.7% during the third quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock worth $30,258,000 after purchasing an additional 182,844 shares during the period. Finally, Truist Financial Corp increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 20.1% in the second quarter. Truist Financial Corp now owns 313,096 shares of the company’s stock valued at $18,661,000 after purchasing an additional 52,501 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $59.87 on Thursday. The company’s 50-day moving average is $59.87 and its 200-day moving average is $59.89. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were given a dividend of $0.233 per share. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23.

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.