Perennial Investment Advisors LLC Reduces Stock Holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Perennial Investment Advisors LLC lessened its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 25.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,082 shares of the company’s stock after selling 3,036 shares during the quarter. Perennial Investment Advisors LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $541,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GDS Wealth Management boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 211.0% in the second quarter. GDS Wealth Management now owns 482,854 shares of the company’s stock valued at $28,778,000 after purchasing an additional 327,579 shares during the period. WealthPLAN Partners LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 3.1% during the second quarter. WealthPLAN Partners LLC now owns 76,909 shares of the company’s stock valued at $4,584,000 after acquiring an additional 2,289 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 15.8% during the second quarter. J.W. Cole Advisors Inc. now owns 25,789 shares of the company’s stock worth $1,537,000 after acquiring an additional 3,523 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 10.3% in the second 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 in the last quarter. Finally, LPL Financial LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 6.6% in the second quarter. LPL Financial LLC now owns 8,568,887 shares of the company’s stock valued at $510,706,000 after purchasing an additional 530,475 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM opened at $60.03 on Wednesday. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.41 and a fifty-two week high of $60.06. The business has a 50 day moving average price of $59.89 and a two-hundred day moving average price of $59.77.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 30th were paid a $0.247 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.94%.

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.