Sowell Financial Services LLC Lowers Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Sowell Financial Services LLC cut its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,304 shares of the company’s stock after selling 935 shares during the quarter. Sowell Financial Services LLC’s holdings in First Trust Enhanced Short Maturity ETF were worth $735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in First Trust Enhanced Short Maturity ETF by 1,602.2% in the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after buying an additional 206,449 shares during the period. Guided Capital Wealth Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $6,920,000. Blackhawk Capital Partners LLC. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $1,926,000. Assetmark Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 71.5% during the fourth quarter. Assetmark Inc. now owns 25,210 shares of the company’s stock valued at $1,507,000 after purchasing an additional 10,508 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 8.6% during the third quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock valued at $255,000 after purchasing an additional 339 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock opened at $59.91 on Wednesday. The firm has a 50 day moving average price of $59.87 and a 200-day moving average price of $59.91. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 28th were issued a dividend of $0.203 per share. The ex-dividend date of this dividend was Friday, February 28th.

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.