Valmark Advisers Inc. Lowers Holdings in First Trust Enhanced Short Maturity ETF $FTSM

Valmark Advisers Inc. decreased its stake in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,915 shares of the company’s stock after selling 986 shares during the quarter. Valmark Advisers Inc.’s holdings in First Trust Enhanced Short Maturity ETF were worth $893,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FTSM. Anderson Financial Strategies LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth about $45,000. Salomon & Ludwin LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth about $60,000. SVB Wealth LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth about $132,000. Flaharty Asset Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth about $148,000. Finally, Legacy Capital Wealth Partners LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth about $200,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of FTSM opened at $59.97 on Friday. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.69 and a 52 week high of $60.11. The stock’s 50-day moving average price is $60.00 and its 200-day moving average price is $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 30th were given a dividend of $0.213 per share. The ex-dividend date was Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.