Wells Fargo & Company MN Cuts Position in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

Wells Fargo & Company MN trimmed its holdings in shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,483,225 shares of the company’s stock after selling 144,930 shares during the quarter. Wells Fargo & Company MN owned 7.17% of First Trust Enhanced Short Maturity ETF worth $447,272,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FTSM. Marshall Investment Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth about $33,000. US Bancorp DE grew its position in shares of First Trust Enhanced Short Maturity ETF by 298.0% during the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock valued at $70,000 after acquiring an additional 873 shares during the period. AdvisorNet Financial Inc purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $91,000. Global Trust Asset Management LLC bought a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter valued at $159,000. Finally, City Center Advisors LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter worth $210,000.

First Trust Enhanced Short Maturity ETF Stock Down 0.0 %

Shares of NASDAQ FTSM opened at $59.89 on Friday. The business’s fifty day moving average price is $59.91 and its 200-day moving average price is $59.91. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 31st were issued a $0.222 dividend. The ex-dividend date was Monday, March 31st. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20.

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.