Financial Enhancement Group LLC Sells 51,367 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Financial Enhancement Group LLC reduced its stake in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 18.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 220,491 shares of the company’s stock after selling 51,367 shares during the period. First Trust Enhanced Short Maturity ETF makes up approximately 2.0% of Financial Enhancement Group LLC’s holdings, making the stock its 13th biggest holding. Financial Enhancement Group LLC owned 0.21% of First Trust Enhanced Short Maturity ETF worth $13,185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mattson Financial Services LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the second quarter worth about $698,000. NewEdge Advisors LLC boosted its position in First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 311,079 shares of the company’s stock worth $18,540,000 after acquiring an additional 13,539 shares during the last quarter. UMB Bank n.a. bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $84,000. Brendel Financial Advisors LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 10.3% in the third quarter. Brendel Financial Advisors LLC now owns 5,710 shares of the company’s stock valued at $342,000 after purchasing an additional 531 shares during the last quarter. Finally, Brown Financial Advisors bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the second quarter worth $1,715,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.87 on Thursday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16. The firm has a fifty day simple moving average of $59.87 and a 200 day simple moving average of $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

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.