First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stock Holdings Lowered by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co trimmed its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 102,343 shares of the company’s stock after selling 274 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in First Trust Enhanced Short Maturity ETF were worth $6,117,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at $33,000. AdvisorNet Financial Inc acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth $91,000. Centaurus Financial Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 26.4% during the third quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after purchasing an additional 527 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $159,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth about $177,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $59.97 on Tuesday. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.54 and a 1 year high of $60.16. The stock’s 50-day moving average price is $59.87 and its two-hundred day moving average price is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Friday, January 31st were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.71 dividend on an annualized basis and a dividend yield of 4.52%.

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.