FSC Wealth Advisors LLC Sells 5,562 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

FSC Wealth Advisors LLC lowered its position in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 201,959 shares of the company’s stock after selling 5,562 shares during the period. First Trust Enhanced Short Maturity ETF makes up 7.8% of FSC Wealth Advisors LLC’s portfolio, making the stock its 2nd largest position. FSC Wealth Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $12,071,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. NewEdge Advisors LLC now owns 311,079 shares of the company’s stock worth $18,540,000 after purchasing an additional 13,539 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Enhanced Short Maturity ETF by 4.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 158,577 shares of the company’s stock worth $9,451,000 after buying an additional 6,864 shares in the last quarter. Truist Financial Corp lifted its position in First Trust Enhanced Short Maturity ETF by 20.1% during the 2nd quarter. Truist Financial Corp now owns 313,096 shares of the company’s stock worth $18,661,000 after buying an additional 52,501 shares in the last quarter. Brown Financial Advisors acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth about $1,715,000. Finally, Sanctuary Advisors LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at about $13,259,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.98 on Tuesday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.54 and a twelve month high of $60.16. The business has a 50 day moving average price of $59.88 and a two-hundred day moving average price of $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were issued a dividend of $0.233 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date was Friday, December 27th.

First Trust Enhanced Short Maturity ETF Company 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.