Madden Advisory Services Inc. Sells 1,324 Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Madden Advisory Services Inc. trimmed its position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 9.8% in the third quarter, HoldingsChannel.com reports. The firm owned 12,250 shares of the company’s stock after selling 1,324 shares during the period. Madden Advisory Services Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1.5% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,202 shares of the company’s stock valued at $1,025,000 after buying an additional 246 shares in the last quarter. Bellevue Asset Management LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 2.5% during the second quarter. Bellevue Asset Management LLC now owns 48,161 shares of the company’s stock worth $2,870,000 after purchasing an additional 1,167 shares during the period. Gentry Private Wealth LLC bought a new position in First Trust Enhanced Short Maturity ETF during the second quarter worth about $3,034,000. Mattson Financial Services LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the second quarter valued at approximately $698,000. Finally, Ameritas Advisory Services LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 7.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 73,225 shares of the company’s stock valued at $4,364,000 after purchasing an additional 4,892 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock opened at $59.82 on Tuesday. The business has a 50 day simple moving average of $59.97 and a 200 day simple moving average of $59.84. First Trust Enhanced Short Maturity ETF has a one year low of $59.51 and a one year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

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.