GDS Wealth Management Has $50.04 Million Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

GDS Wealth Management reduced its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 43.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 837,263 shares of the company’s stock after selling 634,783 shares during the quarter. First Trust Enhanced Short Maturity ETF accounts for 4.6% of GDS Wealth Management’s holdings, making the stock its 2nd biggest position. GDS Wealth Management’s holdings in First Trust Enhanced Short Maturity ETF were worth $50,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tsfg LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $36,000. UMB Bank n.a. bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth about $84,000. Trust Co. of Vermont bought a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at about $84,000. AdvisorNet Financial Inc acquired a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $91,000. Finally, Centaurus Financial Inc. bought a new stake in First Trust Enhanced Short Maturity ETF during the second quarter worth $119,000.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM stock opened at $59.79 on Tuesday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16. The business’s 50-day moving average price is $59.87 and its 200-day moving average price is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.226 per share. This represents a $2.71 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Friday, January 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.