Citizens Financial Group Inc. RI Reduces Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Citizens Financial Group Inc. RI lowered its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 5.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 70,006 shares of the company’s stock after selling 3,766 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in First Trust Enhanced Short Maturity ETF were worth $4,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTSM. LPL Financial LLC increased its position in First Trust Enhanced Short Maturity ETF by 6.6% during the second 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 during the last quarter. First Trust Advisors LP grew its holdings in First Trust Enhanced Short Maturity ETF by 821.2% during the 4th quarter. First Trust Advisors LP now owns 1,731,013 shares of the company’s stock valued at $103,272,000 after purchasing an additional 1,543,108 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust Enhanced Short Maturity ETF by 453.9% during the 1st 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 during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in First Trust Enhanced Short Maturity ETF by 4.2% in the 2nd 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. Finally, Raymond James & Associates boosted its position in shares of First Trust Enhanced Short Maturity ETF by 20.1% during the second quarter. Raymond James & Associates now owns 1,147,010 shares of the company’s stock valued at $68,362,000 after buying an additional 192,229 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $60.03 on Tuesday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.41 and a fifty-two week high of $60.06. The business’s 50 day moving average price is $59.88 and its 200-day moving average price is $59.77.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 30th were paid a $0.247 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.96 dividend on an annualized basis and a yield of 4.94%.

First Trust Enhanced Short Maturity ETF 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.