WealthShield Partners LLC Cuts Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

WealthShield Partners LLC trimmed its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,799 shares of the company’s stock after selling 542 shares during the period. WealthShield Partners LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $287,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 2.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 207,056 shares of the company’s stock worth $12,396,000 after purchasing an additional 4,349 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of First Trust Enhanced Short Maturity ETF by 2.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 26,514 shares of the company’s stock worth $1,587,000 after buying an additional 725 shares during the last quarter. Sterling Manor Financial LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 1.9% in the 3rd quarter. Sterling Manor Financial LLC now owns 156,466 shares of the company’s stock worth $9,368,000 after buying an additional 2,978 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $177,000. Finally, Valmark Advisers Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 38.9% during the 3rd quarter. Valmark Advisers Inc. now owns 20,799 shares of the company’s stock worth $1,245,000 after acquiring an additional 5,824 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.97 on Tuesday. The company has a 50 day moving average of $59.87 and a two-hundred day moving average of $59.91. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.54 and a twelve month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.