Gray Wealth Management Inc. Has $1.57 Million Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Gray Wealth Management Inc. reduced its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,233 shares of the company’s stock after selling 1,097 shares during the quarter. Gray Wealth Management Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,568,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $33,000. US Bancorp DE increased its holdings in First Trust Enhanced Short Maturity ETF by 298.0% in the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $91,000. Centaurus Financial Inc. boosted its position in First Trust Enhanced Short Maturity ETF by 26.4% during the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock worth $151,000 after buying an additional 527 shares during the period. Finally, Global Trust Asset Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $159,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $59.91 on Monday. The stock has a fifty day simple moving average of $59.88 and a 200 day simple 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 company also recently declared a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 28th were issued a dividend of $0.203 per share. The ex-dividend date of this dividend was Friday, February 28th.

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.