First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Position Lessened by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 18.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,936 shares of the company’s stock after selling 3,329 shares during the period. Inspirion Wealth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. GDS Wealth Management increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 204.9% during the third quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock valued at $88,131,000 after purchasing an additional 989,192 shares during the period. Stifel Financial Corp lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 11.3% in the 3rd quarter. Stifel Financial Corp now owns 837,811 shares of the company’s stock worth $50,159,000 after acquiring an additional 84,918 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 10.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 800,798 shares of the company’s stock worth $47,728,000 after acquiring an additional 74,877 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 56.7% in the third quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock valued at $30,258,000 after acquiring an additional 182,844 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of First Trust Enhanced Short Maturity ETF by 20.1% during the second quarter. Truist Financial Corp now owns 313,096 shares of the company’s stock valued at $18,661,000 after acquiring an additional 52,501 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM opened at $59.89 on Friday. The business has a 50 day moving average price of $59.87 and a two-hundred day moving average price of $59.89. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.54 and a 1-year high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were given a $0.233 dividend. The ex-dividend date was Friday, December 27th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23.

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.