First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stake Lowered by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. cut its holdings in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 52.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,058 shares of the company’s stock after selling 7,809 shares during the period. Stegent Equity Advisors Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $421,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sebold Capital Management Inc. lifted its position in First Trust Enhanced Short Maturity ETF by 3.6% during the 3rd quarter. Sebold Capital Management Inc. now owns 72,951 shares of the company’s stock worth $4,335,000 after acquiring an additional 2,516 shares during the last quarter. Balboa Wealth Partners raised its position in shares of First Trust Enhanced Short Maturity ETF by 13.3% during the third quarter. Balboa Wealth Partners now owns 14,898 shares of the company’s stock valued at $885,000 after buying an additional 1,747 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in First Trust Enhanced Short Maturity ETF by 20.7% in the third quarter. Stratos Wealth Partners LTD. now owns 100,899 shares of the company’s stock worth $5,995,000 after purchasing an additional 17,322 shares in the last quarter. Kure Advisory LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the third quarter worth about $1,695,000. Finally, Beacon Financial Advisory LLC raised its position in First Trust Enhanced Short Maturity ETF by 13.8% in the third quarter. Beacon Financial Advisory LLC now owns 21,365 shares of the company’s stock worth $1,270,000 after purchasing an additional 2,592 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ:FTSM traded down $0.24 during mid-day trading on Tuesday, hitting $59.55. The company’s stock had a trading volume of 720,662 shares, compared to its average volume of 946,470. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.40 and a fifty-two week high of $59.94. The stock has a fifty day moving average of $59.73 and a 200-day moving average of $59.70.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, April 1st were paid a dividend of $0.249 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.99 annualized dividend and a dividend yield of 5.02%.

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.