1834 Investment Advisors Co. Sells 8,296 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

1834 Investment Advisors Co. decreased its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 33.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,847 shares of the company’s stock after selling 8,296 shares during the quarter. 1834 Investment Advisors Co.’s holdings in First Trust Enhanced Short Maturity ETF were worth $1,009,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FTSM. Abich Financial Wealth Management LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the second quarter worth $34,000. Tsfg LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at $36,000. Hilltop National Bank bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $76,000. PSI Advisors LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,893.9% in the 2nd quarter. PSI Advisors LLC now owns 1,316 shares of the company’s stock worth $78,000 after buying an additional 1,250 shares during the last quarter. Finally, UMB Bank n.a. bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $84,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM opened at $59.83 on Wednesday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.51 and a 52-week high of $60.16. The company has a 50-day simple moving average of $59.96 and a 200 day simple moving average of $59.84.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, November 4th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.241 per share. The ex-dividend date of this dividend was Thursday, October 31st.

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.